STEEL INDUSTRY REPORTS
INDUSTRY AND COMPANY NEWS
Sat 18th Jan 2020 00:00 GMT
Assets worth over Rs 204 crore, including houses in Delhi and London, of former Bhushan Power and Steel Ltd (BPSL) CMD Sanjay Singal have been attached under the anti-money laundering law, the ED said [more]
Fresh high for iron ore price as Chinese steel breaks ...
Fri 17th Jan 2020 15:16 GMT
Production of steel products in China grew by nearly 10% from a year earlier The price of iron ore is up 30% following a dam burst at Vales Brumadinho operations in Brazil in January 2019 [see original report]
Prysmian to Supply Cables for Dongfang Electric Offshore ...
Fri 17th Jan 2020 01:33 GMT
The contract includes the supply of cables for DECs newest 10 MW offshore wind turbine prototype that will be installed in China Three Gorges Corporations Xinghuawan wind farm in the Fujian [read original report]
Exclusive: China's base metals output in December
Fri 17th Jan 2020 00:22 GMT
In December, Henan Yuguang Zinc Industry and Yunnan Hualian Zinc & Indium Greater production cut of stainless steel amid falling demand also slowed the destocking at NPI sellers. On the [more]
Salzgitter acquires Dutch plate stockholder
Fri 17th Jan 2020 00:00 GMT
Salzgitter AG has expanded its European distribution network with the takeover of Statendam Steel Plates B.V. in the Netherlands. Statendam will be merged with Salzgitters Dutch distribution house, Salzgitter Mannesmann Staalhandel B.V. Both companies are located in Oosterhout.Statendam Steel Plates B.V. was founded in 2000 and was formerly 100% privately owned,Kallanishunderstands. It supplies [more]
Electrical Steel Market 2020: Global Industry Trends ...
Thu 16th Jan 2020 22:03 GMT
New York, January 17, 2020: Electrical steel is generally manufactured into cold-rolled strips less than 2 mm thick, which are cut into shape to make laminations which are stacked together to form [read full report]
China iron ore futures slip after signing of Phase 1 ...
Thu 16th Jan 2020 17:05 GMT
Iron ore prices were also pressured by fresh output curbs when Chinas top steelmaking city Tangshan issued a second-level heavy pollution alert on Wednesday The Shanghai Futures [more]
ASX to rise, Wall St rallies
Thu 16th Jan 2020 10:42 GMT
Iron ore futures, however, slid after top steel-producing city Tangshan issued a fresh smog alert. Dalian's benchmark iron ore contract, with May expiry, closed down 1.2% at 658.5 yuan per tonne. [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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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.