Steel news and industry information.

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

CORPORATE NEWS


ore

Brazil miner Vale gets approval to buy 3 wind farms in ... 
Tue 15th Jan 2019 14:02 GMT
Iron ore miner Vale SA has won approval from Brazil's antitrust Salus is controlled by the Mrio Araripe Group, owner of wind farm developer Casa [see full report]

Mnangagwa's plan to revive Bulawayo falters 
Sun 13th Jan 2019 14:38 GMT
The National Railways of Zimbabwe (NRZ), the Cold Storage Company (CSC), Merlin, Paramount Garments and the Zimbabwe Iron and Steel Company (Zisco) were among companies that were targeted [see full report]

Brazil's Steelworkers Bracing for Anti-Union Push by ... 
Fri 11th Jan 2019 06:03 GMT
But the sector wont mount a significant comeback until stalled private and public construction projects are advanced, said Marco Polo de Mello Lopes, president of Brazils Steel Institute, or [see full report]

INDUSTRY NEWS


Russia: UEM commissions new crane 
Tue 15th Jan 2019 10:50 GMT
Uralelectromed has put into operation a new stationary crane manipulator produced by Velmash. In just a week the machine has already processed over 200 tons of non-ferrous scrap. The new hydraulic manipulator has replaced an outdated one. The investments in the machine totaled 2.2 million rubles [read more]

Indian steel export strategy getting increasingly diversified: ... 
Mon 14th Jan 2019 12:31 GMT
The Dispute Settlement Body of WTO has literally lost its relevance, although India has approached it for finding a solution to the unilateral announcement of duty hike on steel and aluminium by [read more]

Donald Trump is willing to play 'hardball' with Ankara ... 
Mon 14th Jan 2019 10:05 GMT
Mr Brunson was released in October 2018 after spending two years in jail mainly because the US vowed to lift crippling sanctions on two Turkish ministers and increased tariffs on Turkish steel [read more]

Shanghai rebar at 2-month high on restocking; iron ore ... 
Mon 14th Jan 2019 00:00 GMT
Other steel-making ingredients extended gains as had notified some miners in major coal hubs of Shandong, Henan and northeastern regions to halt operation for inspections that [read more]

Taiyuan Iron and Steel develops 0.02mm steel sheet 
Sun 13th Jan 2019 20:50 GMT
Currently, the company churns out 24,000 tonnes of such steel, which has been exported to the United States, Germany, Brazil [read more]

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


European BOF plants
European BOF plants

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




STEEL PLANT CAPEX COSTS


BOF SLAB PLANT

BOF-cc-slab
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

BOF-cc-hsm
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 sector 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 websites for the latest steel market and steelmaking raw material news reports?

Steel Guru at www.steelguru.com

SteelOrbis at www.steelorbis.com