INDUSTRY REPORTS
STEEL MARKET, INDUSTRY AND COMPANY NEWS
Mon 6th Apr 2020 00:01 GMT
Mining company Rio Tinto said it had received a resolution from shareholders requesting it to set emissions targets. The resolution would be considered at the Anglo-Australian [go to original report]
Coronavirus slows development at Rio Tinto's Oyu Tolgoi ...
Sun 5th Apr 2020 23:49 GMT
Rio Tinto said the development of its Oyu Tolgoi copper mine in Mongolia has been slowed by government restrictions imposed to combat the spread of the coronavirus. The mining giant [see full report]
Evraz steel sales rise on higher output in Q4
Sun 5th Apr 2020 21:31 GMT
Miner Evraz reported a rise in quarterly steel sales in the fourth quarter of last year, as output was bolstered by higher production volumes at its steel mill in Russia after [go to press release]
Severstal updates on restoration work at Severnaya
Sun 5th Apr 2020 20:30 GMT
Severstal said mine accident emergency works command staff have taken a final decision on handling the underground fire in the Severnaya mine via flooding it with water. Flooding started [more]
Steel Fiber Market is Projected To Grow USD 2.8 Billion ...
Sun 5th Apr 2020 06:21 GMT
According to report published by Grand View Research, Demand of steel fibers is projected to grow on account of increasing use of steel fiber in industrial flooring in the [more]
Steel PSUs contribute over Rs 250 crore to PM-CARES Fund
Sun 5th Apr 2020 01:00 GMT
Steel makers Steel Authority of India Ltd (SAIL) and Rashtriya Ispat Nigam Ltd (RINL) have given Rs 30 crore and Rs 6.16 crore respectively to the Prime Minister's Citizen Assistance and Relief in Emergency Situation [more]
Fear grips health workers as doctor tested positive for ...
Sat 4th Apr 2020 19:34 GMT
He was a former medical officer of the Pakistan Steel Mills and was tested positive for the virus earlier this week, health officials said and added that he was respected in the medical fraternity [read full article]
Iran Steel Output Rises 40.5%
Sat 4th Apr 2020 14:09 GMT
Irans world ranking declined from the previous eighth (in January) to become the world's ninth biggest crude steel producer during the two months under review. The country is placed between [more]
To see all our latest news check out our other news pages.
SELECTED STEELWORKS 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 steel 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.