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Our main business activity is steel industry capital investment appraisal.
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STEEL INDUSTRY REPORTS

CORPORATE AND INDUSTRY NEWS


iron ore mine

Exclusive: Libyan steel maker plans $1 billion tender ... 
Wed 19th Jun 2019 04:43 GMT
Lisco plans to increase production liquid steel, its main base product Lisco also imports raw materials from Brasil's Vale and a Bahraini [see full report]

METALS-Shanghai base metals rise as U.S.-China trade ... 
Wed 19th Jun 2019 01:56 GMT
ALUMINIUM: China's Baoshan Iron and Steel Co Ltd , the country's largest listed steel producer, will begin test production at an aluminum project in Henan province in mid-2020, said the [see full report]

China Completes Outer Dome on Overseas Hualong One Reactor ... 
Tue 18th Jun 2019 23:20 GMT
CNNC described the completion of the double-layered steel dome on the containment building of the go into operation ahead of schedule in the southeast Chinese province of Fujian late next [see full report]

Brazilian dam disaster a turning point for environmental ... 
Tue 18th Jun 2019 19:33 GMT
The Brumadinho disaster, which occurred when a tailings dam failed at Crrego de Feijo iron ore mine in Minas Gerais same region that occurred at the Bento Rodrigues mine owned by Samarco, [see full report]

Dalian iron ore rebounds; Tangshan move stokes demand ... 
Tue 18th Jun 2019 15:10 GMT
The Tangshan government said on Monday it had summoned executives from 48 regional companies with high pollution emissions to a meeting and ordered to trim output to reduce the smog. The companies [see full report]

Chinas iron ore, steel prices diverge as trade war vies ... 
Tue 18th Jun 2019 15:10 GMT
In year-to-date terms, iron ore futures are up 75%, while steel rebar has gained a more modest 19.4%. The outperformance of iron ore can be explained by the sudden loss of millions of tonnes from [see full report]


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SELECTED STEEL INDUSTRY MAPS


Map of European welded tube plants
European welded tube plants

For other steel location maps, visit our Steel Maps page.




STEEL WORKS CAPEX COSTS


BOF SLAB PLANT

capex cost of BOF steel plant
All cost estimates are in 2016 US dollars.
For further info visit our Capex Costs page.

Capital costs describe capex outlays for an integrated slab plant with continuous casting, typically with coke, sinter etc. Representative modernisations include:

  • CSA slab mill installations in Sepetiba, Brazil
  • CSN investment in Itaguai, Brazil
  • CVRD-Baosteel joint venture in Vitoria, Espirito Santo in Brazil
  • Sinosteel Corporation's outlay in Jharkand, India.

Average cost: $4300m
Average capacity: 4210 kt
Sample size: 12
Average cost/tonne: $1050/t


INTEGRATED HOT STRIP MILL

hot strip mill capital investment costs
All cost estimates are in 2016 US dollars.
For further info visit our Capex Costs page.

Chart describes investments in ore-based integrated steel plants with hot strip production and sometimes other additional downstream rolling capability. Typical examples include:

  • Wuhan I&S investment in Fangchengang Port in China
  • ArcelorMittal modernisation in Karnataka, India
  • Tata joint venture with VSC & Vicem for investment in Vung Ang in Vietnam.

Average cost: $7560m
Average capacity: 6660 kt
Sample size: 16
Average cost/tonne: $1200/t




EMPLOYMENT BENCHMARKS


steel plant employment benchmarks

Chart above shows current employment levels at 114 different firms around the world - companies that make flat, long and/or tubular carbon steel products. An average firm with a production potential of ~3 mt steel/year typically thus has ~4000 employees. If your company employs more than this, please call us - our technical experts can assist with steel plant productivity improvement.

To discuss the interpretation of this chart and/or further information (including employment benchmarks for specialty steel output) please email us at the address shown at the foot of the page.




INDUSTRY SUPPLY & DEMAND FORECASTS FOR YEAR 2020

Table below shows global crude steel output volumes and capacity figures - as assessed by World Steel Association and by the OECD to 2020 - and resulting calculation of steelmaking capacity utilisation. The overall picture for 2020 as compared to 2019 is that of a very small increase in global capacity utilisation at crude steel level, from 79.7% to 79.8%.


Year
Production
million t
Capacity
million t
Capacity
Utilisation
2012
1560
2100
74.3%
2013
1650
2271
72.7%
2014
1670
2316
72.1%
2015
1620
2334
69.4%
2016
1627
2281
71.3%
2017
1689
2245
75.2%
2018
1819
2291
79.4%
2019
1838
2306
79.7%
2020
1852
2322
79.8%
Source: MCI analysis. Table last updated 26-Apr-19.



OTHER USEFUL METAL INDUSTRY WEBSITES

Why not check out the following news websites for the latest steel market and steelmaking raw material news reports?

Steel Guru at www.steelguru.com

SteelOrbis at www.steelorbis.com