INDUSTRY AND COMPANY NEWS
This Morning in Metals: U.S. steel imports down 20% this ... Fri 29th May 2020 17:24 GMT
This morning in metals news, U.S. imports of steel were down 20% through the first four months of the year, a primary aluminum production plant in Brazil part-owned by Norsk Hydro is restarting [more
]US Steel Imports Surge in April, Coronavirus Overhang ... Fri 29th May 2020 16:32 GMT
U.S. steel imports shot up in April on a monthly comparison basis, but were down year over year for the first four months of 2020 according to the latest American Iron and Steel Institute [more
]Brazilian crude steel output down 39% in April on Covid-19 Fri 29th May 2020 11:12 GMT
Brazilian crude steel production dropped by 39% year on year in April, according to figures released by national steel association Ao Brasil early this week. Output totaled 1.81 million tonnes, [more
]Australian court rules against Fortescue in indigenous ... Fri 29th May 2020 08:42 GMT
Australias top court dismissed an appeal by Fortescue Metals Group against a landmark ruling on indigenous land rights, which could expose the company to hundreds of millions of dollars in compensation claims and set a precedent for other similar cases. The High Court decision on Friday brought to an end a long-running legal battle by the Yindjibarndi people to win recognition for their exclusive native title rights to land in Western Australia on which FMGs Solomon iron ore mine is located. The Yindjibarndi Aboriginal Corporation, a group that represents indigenous people, can now seek compensation for economic loss and spiritual harm related to the mine, which is estimated to contain iron ore worth up to [more
]Sustainalytics boosts NLMK Groups ESG rating Fri 29th May 2020 01:00 GMT
NLMK Group, a global steel company, is proud to announce that Sustainalytics has revised the companys ESG rating from the 31.5 NLMK was awarded last year to 28 this year, with a lower number indicating stronger management of ESG issues by a company. NLMK is currently ranked among the top 3 steel companies analyzed [view original press release
]ArcelorMittal Zenica resumes production Fri 29th May 2020 01:00 GMT
ArcelorMittals Bosnia-based Zenica long steelworks has resumed production after ten days of stoppage due to low demand provoked by the Covid-19 pandemic, the company confirms toKallanish. From 26 May the firm has gradually been preparing plants for putting back into operation. The blast furnace was restarted on 27 May and from Thursday the [view report
]SMS Group to Supply 2 Annealing & Coating Lines for ... Wed 27th May 2020 23:52 GMT
Shougang Zhixin Qianan Electromagnetic Material in China has awarded an order to SMS group for the supply of two annealing and coating lines for electric steel strip. The lines will expand the [more
]New Century's Goro push not stupid Tue 26th May 2020 09:00 GMT
But it has to be remembered that New Century has built a brand around securing such deals, and that mining majors like Vale have form in moving on from big-ticket projects for little or no return [see full article
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SELECTED STEELWORKS MAPS
Map of European BOF plants
For other steel location maps, visit our Steel Maps page.
STEEL WORKS CAPITAL INVESTMENT COSTS
BOF SLAB PLANT
All estimates are in 2016 US dollars.
For further info visit our
capital investment costs page.
Capital costs describe 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
Typical capacity: 4210 kt
Sample size: 12
Indicative cost/tonne: $1050/t
INTEGRATED HOT STRIP MILL
All 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
Typical capacity: 6660 kt
Sample size: 16
Indicative cost/tonne: $1200/t
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 consultants 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%.
Source: MCI analysis. Table last updated 26-Apr-19.
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This site is owned and operated by Metals Consulting International Limited (MCI), and provides site visitors with steel sector news, price, cost and related industry information.
MCI is a privately-owned London based management consultancy firm. Our experts specialise in market assessments, technical evaluations and financial modelling.
MCI's main business activity is steel sector investment appraisal covering ore mining, raw material supply, iron and steelmaking, casting and rolling operations, and metal distribution for clients worldwide. Our main projects centre on business restructuring and plant modernisation, including performance turnaround; much of our work is for governments, shareholders and other financiers. Feel free to telephone us on +44 775 149 0885 for a no-obligation initial discussion about our advisory services.