CORPORATE NEWS
Learn details of the global grain oriented electrical ... 
Wed 23rd May 2018 06:26 GMT Cogent(Tata Steel), Wisco, Baosteel, Ansteel, Shougang and others. Access complete report at: www.themarketreports.com/report/1063200 When taking a good look at this report, based on the product, it is evident that the report shows the rate of production [
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Watch: NCLAT puts Essar Steel's insolvency process on ... Tue 22nd May 2018 01:00 GMT The National Company Law Appellate Tribunal (NCLAT) on Tuesday ordered a status quo on insolvency of Essar Steel for two months as it admitted petitions of NuMetal and ArcelorMittal over the bidding eligibility. The NCLAT directed the resolution professional (RP), committee of creditors (CoC) and the NCLT not to pass any order in the ongoing insolvency process of Essar Steel, including liquidation of the debt-ridden firm till its further order. The appellate tribunal admitted the cross petiti [
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Tata Steel to raise Rs 16,500 cr debt to fund Bhushan ... Tue 22nd May 2018 01:00 GMT Domestic giant Tata Steel today said it will raise Rs 16,500 crore through debt instruments to fund Rs 32,500 crore acquisition of Bhushan Steel Ltd (BSL) [
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NCLAT issues notice to Bhushan Steel RP, CoC on LSOTN-ANDT's ... Tue 22nd May 2018 01:00 GMT NCLAT also impleaded Tata Steel, whose bid for the debt ridden firm has been approved, as party over LSOTN-REMOVET plea seeking to recover Rs 900 crore [
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NCLAT asks resolution professional, lenders, NCLT to ... Tue 22nd May 2018 01:00 GMT The appellate tribunal also admitted the cross petitions filed by Russia's VTB Capital-based NuMetal and Arcelor Mittal, two resolution applicant challenging their disqualification for Essar Steel [
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INDUSTRY NEWS
Sierra Leone News: Over 400 senior Shandong staff to ... Wed 23rd May 2018 08:26 GMT Shandong Iron and Steel Group Co. Ltd. is a Chinese state-owned enterprise, established in March 2008 with its Jinan based Iron & Steel Company Ltd. It is engaged in the smelting, processing, and sale of steel products. It acquired in 2015, African [
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Beyond Samarco, Randolph charts Boart revival Wed 23rd May 2018 07:05 GMT Ask BHP's former iron ore and coal boss Marcus Randolph about the homicide charges that hang over his head, and he will turn the focus to those he says have been worse affected by the Samarco tailings dam failure of 2015. That of course includes the [
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Analysis On Electrolytic Aluminum Market Of China, 2016-2018 Wed 23rd May 2018 05:10 GMT Trump signed a joint statement on steel and aluminum at the White House Xinjiang East Hope Non-ferrous Metal Co., Ltd. , Gansu Dongxing Aluminum Co., Ltd. , Henan Shenhuo Group Co., Ltd. , Hunan Zengshi Aluminum Group, Yunnan Aluminum Limited Liability [
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Iron ore quality differentials evolve as market fundamentals ... Wed 23rd May 2018 02:33 GMT With the thinning out of low-alumina iron ore supply, mills were actively seeking low alumina historically the largest supplier of pellets into China prior to the Samarco incident. High alumina levels can hurt productivity in the short term in [
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Brazil imposes huge CVD on HR steel imports from China ... Tue 22nd May 2018 23:12 GMT Xinhua reported that Chinas Ministry of Commerce has welcomed the decision by Brazil to refrain from anti-subsidy measures against imports of hot-rolled steel plate products. Wang Hejun, head of the ministry's trade remedy and investigation bureau, said [
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China welcomes Brazil's anti-subsidy ruling on hot-rolled ... Tue 22nd May 2018 19:21 GMT China welcomes the decision by Brazil to refrain from anti-subsidy measures against imports of hot-rolled steel plate products, the Ministry of Commerce said in an online statement Tuesday. The statement came after Brazil Monday put on hold anti-subsidy [
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SELECTED STEEL INDUSTRY MAPS
European welded tube plants
For other steel location maps, visit our steel industry maps page.
STEEL PLANT CAPITAL INVESTMENT COSTS
BOF SLAB PLANT
All cost estimates are in 2016 US dollars.
For further info visit our steel capex page.
Capital costs describe investment for an integrated slab plant with continuous casting, typically with coke, sinter etc. Representative investments include:
- CSA slab mill investment in Sepetiba, Brazil
- CSN investment in Itaguai, Brazil
- CVRD-Baosteel joint venture in Vitoria, Espirito Santo in Brazil
- Sinosteel Corporation's investment in Jharkand, India.
Average cost: $4300m
Average capacity: 4210 kt
Sample size: 12
Average cost/tonne: $1050/t
INTEGRATED HOT STRIP MILL
All cost estimates are in 2016 US dollars.
For further info visit our steel capex 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 Iron & Steel investment in Fangchengang Port in China
- ArcelorMittal investment in Karnataka, India
- Tata Steel 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
Notes
Analyses above were last updated in January 2016. For further item-specific capital investment data see our steel capex database page.
EMPLOYMENT BENCHMARKS
Chart above shows current employment levels at 114 different steel firms around the world - companies that make flat, long and/or tubular carbon steel products.
An average steel producer with a production potential of ~3 mt steel/year typically thus has ~4000 employees. If your steel 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 production) please email us at the address shown at the foot of the page.
INDUSTRY SUPPLY & DEMAND FORECASTS FOR YEARS 2017-2018
Table below shows global crude steel production volumes and capacity figures - as assessed by World Steel Association and by the OECD to 2018 - and resulting calculation of steelmaking capacity utilisation. The overall picture for 2018 as compared to 2017 is that of a tiny reduction in the global capacity surplus [which will fall from ~602mt to ~598mt] and a small but significant improvement in world capacity utilisation at the crude steel level.
Year
Production
million t
Capacity
million t
Capacity
Utilisation
Graph below shows the relationship between steel prices and global plant loading - and indicates (both for HRC and for rebar) that prices fall ~$27/tonne per 1% drop in capacity utilisation.
In 2017, on the basis that world capacity utilisation remains largely at 2016 levels of approx 67.4% (see table), MCI's consultants expect steel prices to remain at 2016 levels.
In 2018, assuming a very small improvement in global plant loading, we forecast just a tiny increase in steel price levels of the order of $5/tonne (hot rolled coil and reinforcing bar). For other products and / or for steel price forecasts through to 2020, please contact us.
OTHER USEFUL METAL INDUSTRY WEBSITES
Why not check out the following websites?
American Metal Market (AMM) at www.amm.com
Steel Guru at www.steelguru.com
SteelOrbis at www.steelorbis.com
Metal Bulletin at www.metalbulletin.com
