INDUSTRY AND COMPANY NEWS
Trump to raise tariffs on derivative steel, aluminum ... Sat 25th Jan 2020 18:44 GMT
The Trump administration will raise tariffs on imports of derivative steel products by an additional 25 percent and increases tariffs on imported derivative aluminum products by an additional [go to press release
]Trump slaps new tariffs on foreign products made with ... Sat 25th Jan 2020 16:52 GMT
Under the program announced Friday, some imports of products made with aluminum will be subject to an additional 10% duty, while some steel products will be slapped with a 25% tariff. The [more
]Brazils 2019 crude steel output falls 9% to 32.2 million ... Fri 24th Jan 2020 14:15 GMT
Brazils crude steel production in 2019 fell 9% year on year to 32.23 million mt, industry institute Ao Brasil reported Thursday. It was the lowest figure since 2016, when the country produced [go to report
]Taranto explosions stop ArcelorMittal from idling meltshop Fri 24th Jan 2020 00:00 GMT
Three explosions disrupted production this week on Tuesday and Wednesday at blast furnace number 2 at the Taranto plant of former Italian steelmaker Ilva, now ArcelorMittal Italia. The explosions happened during the shutdown of blast furnace no.1 but did not cause any fatalities,Kallanishlearns from union sources in Taranto. Last year BF no.2 was [read original report
]Russia: NLMK expects expenditures to exceed $900 million ... Fri 24th Jan 2020 00:00 GMT
Russian steelmaker Novolipetsk Steel (NLMK) expects its capital expenditures to exceed $900 million in 2020 with the exact figure to be clear in March, NLMK President Grigory Fedorishin announced on January 23 on the sidelines of the World Economic Forum. He confirmed the earlier plan of $1 billion in 2019 and about $900 [more
]German steel inventory levels drop to almost 20-year ... Fri 24th Jan 2020 00:00 GMT
German steel stocks reached their lowest level in almost 20 years in December, according to from German stockholder association BDS. Flat steel stocks at stockholders in Germany dropped 13% year on year to 1.18 million mt in December, while long steel inventory levels were 2.1% lower at 792,692 mt. Stocks were last lower [more
]China to halt capacity swaps in steel industry from January ... Fri 24th Jan 2020 00:00 GMT
China will stop approving new capacity and capacity swaps for steel projects from Jan. 24, the countrys state planner said on Thursday, as the government wants to review all the projects first. Crude steel production in China, the worlds top steel producer, climbed to a record high just shy of 1 billion tonnes last year despite Beijings efforts to ease oversupply as some mills used swaps as an excuse to add new capacity. The country has eliminated more than 150 million tonnes of [more
]China steel futures slip on virus concerns, slow pre-holiday ... Fri 24th Jan 2020 00:00 GMT
Shanghai steel futures extended losses in thin trading on Thursday ahead of a week-long Lunar New Year break on worries that a new coronavirus outbreak in the country would hit construction activity. The Shanghai Futures Exchanges most-traded steel rebar contract fell 0.4% to 3,523 yuan ($510.28) per tonne on Thursday at around 0215 GMT. It is down about 2% in what would be its first weekly fall in a month. Shanghais hot-rolled steel coil, used in cars and home appliances, also [view original report
We also show stainless steel sector 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 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.
ABOUT OUR INFORMATION AND SUPPORT SERVICES
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.