STEEL INDUSTRY REPORTS
INDUSTRY AND COMPANY NEWS
Wed 19th Feb 2020 04:36 GMT
Brazil also has some heavy rains as well I would be very surprised if the Chinese mills do not cut steel production. What they often do is carry out maintenance work which is a proxy [read press release]
Terry McCrann: Fortescues China fortunes deliver $800m ...
Wed 19th Feb 2020 03:11 GMT
But when the opposite happens and demand is running ahead of supply and that was very clearly the case last year thanks in part to the continuing problems of Brazils Vale post-Samarco (and [read report]
Iron ore pushes higher despite sluggish steel demand ...
Wed 19th Feb 2020 00:13 GMT
observes, Chinas steel industry is already feeling the pain from sluggish demand amid disruptions Concerns about supply had been circulating after Brazils Vale posted Q4 [more]
Russia: Severstal to invest 73.4 billion rubles in Russian ...
Wed 19th Feb 2020 00:00 GMT
This year Severstal intends to spend 73.4 billion rules on the development of Cherepovets Iron and Steel Works and other Russian Steel manufacturing assets. The investment program will cover the entire technological chain of Cherepovets Iron and Steel Works. As in 2019, some 41% of investments, or 29.8 billion rubles, will be spent [go to press release]
Where is BHP heading
Tue 18th Feb 2020 14:04 GMT
The company had to write down $318 million, partly because of continuing remediation after the terrible Samarco dam failure in Brazil in given how Chinese demand for West Australian iron ore is [go to original report]
Rio Tinto trims iron ore guidance, market sees price ...
Tue 18th Feb 2020 00:00 GMT
Miner Rio Tinto has trimmed its 2020 iron ore shipments guidance from the Pilbara area of Western Australia by between 6 million mt and 9 million mt, or around 2%, due to infrastructure damage and shipping restrictions caused by the recent passage of tropical cyclone Damien. Seaborne iron ore prices are likely to be supported by the news, analysts said Monday, especially after Brazilian miner Vale also announced reduced first-quarter shipment expectations last week, as a result of [read full article]
NCLAT gives approval to JSW Steel to acquire Bhushan ...
Tue 18th Feb 2020 00:00 GMT
A two-member bench headed by Chairman Justice S J Mukhopadhaya, said that JSW Steel will be immune from the acts done by the former promoters of the Bhushan Power & Steel Ltd. However, it also said that prosecution against the former promoters under the money laundering act by the Enforcement Directorate [view original article]
EVRAZ Orders Danieli QSP-DUE Plant
Tue 18th Feb 2020 00:00 GMT
EVRAZ Consolidated West-Siberian Metallurgical Plant Joint-Stock Company has ordered from Danieli an innovative QSP-DUE (Danieli Universal Endless) plant for the production of high value-added products for the new facility in Novokuznetsk, Kemerovo Region, Russian Federation. This will be the second Danieli QSP-DUE plant in the world. The order follows the start-up of the first ever DUE plant installed at Shougang Jingtang United I&S, in China, during 2019. Danieli QSP-DUE [more]
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SELECTED STEEL INDUSTRY MAPS
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
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 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%.
million t
million t
Utilisation
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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.