Skip to main content

Steel industry news and business information.

This website is owned and operated by UK-based Metals Consulting International Ltd.
Our main business activity is steel industry capital investment appraisal.
You are here: www.steelonthenet.com >

STEEL INDUSTRY REPORTS

CORPORATE AND INDUSTRY NEWS


coal miner

Wisconsin Could Face a Mining Disaster 
Sat 20th Apr 2019 15:40 GMT
The Brumadinho dam is owned by the mining giant Vale, the same company responsible for a tailings dam failure four years earlier at the Samarco mine producer of iron ore and nickel in [see full report]

Beijing's seventh generation of leaders emerges onto ... 
Fri 19th Apr 2019 20:21 GMT
Liu first earned his spurs in the steel industry in Hunan Province She became a Vice-Governor of Fujian in late 2018. The fact that she is running a province where President Xi spent [see full report]

2nd Circ. Kills $5M Deal Award Against Brazilian Reinsurer 
Fri 19th Apr 2019 17:09 GMT
The dispute has its origins in a $168 million settlement issued to a Brazilian mining company as compensation for damages from a faulty conveyor system for iron ore at its Rio de Janeiro coal [see full report]

China's top steelmaking city Tangshan issues second-level ... 
Fri 19th Apr 2019 14:02 GMT
Chinas top steelmaking city of Tangshan in Hebei province issued a second-level The alert will take effect from April 20 to April 25. Steel mills in the city were ordered [see full report]

Russia: UMC to master manufacture of new section types 
Fri 19th Apr 2019 10:56 GMT
Ural Metal-Processing Company LLC has started carrying out a project to increase the portfolio of the steel sections it manufactures. In particular, the company will start producing T-shaped galvanized sections, as well as section elements used in the manufacture of fences. The commission of the manufacturing line is scheduled for May-July. The sizes [see full report]

Metinvest group is Ukraine's first organisation to receive ... 
Fri 19th Apr 2019 10:10 GMT
On 18 April, a business breakfast titled 'Zero Accident Strategy: Benefits and Opportunities for Business' took place in the run-up to the World Day For Safety and Health at Work. At the event, Metinvest Group CEO Yuriy Ryzhenkov received a Vision Zero certificate from Helmut Ehnes, Secretary General of International Section of the International Social Security Association (ISSA) on Prevention in the Mining Industry [see full report]


We also show stainless steel industry news and other specialty metal news reports.
To see all our latest news check out our other news pages.



SELECTED STEEL INDUSTRY MAPS


Map of Middle East DRI plants
Middle East DRI 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 2019

Table below shows global crude steel output volumes and capacity figures - as assessed by World Steel Association and by the OECD to 2019 - and resulting calculation of steelmaking capacity utilisation. The overall picture for 2019 as compared to 2018 is that of a tiny reduction in the global capacity utilisation at crude steel level, from 77.2% to 77.1%.


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
1697
2251
75.4%
2018
1756
2275
77.2%
2019
1773
2299
77.1%
Source: MCI analysis. Table last updated 29-Oct-18.



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