Steel industry news and business information website.

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

CORPORATE NEWS


mining

Leading international metals executive to take the helm tweet
Wed 14th Nov 2018 00:00 GMT
Fast-growing industrials group, Liberty, part of Sanjeev Guptas global GFG Alliance, has appointed Cornelius Louwrens, one of the European metals industrys most prominent figures, as chief executive of its UK steel division [full report]

China October steel output hits record-high before winter ... tweet
Tue 13th Nov 2018 20:34 GMT
Hebeis top steelmaking city of Tangshan has ordered steel mills to cut production by an average of 30-35 percent, depending on their emission levels, while No. 2 steelmaking city Handan introduced an [full report]

Thyssenkrupp to install Daimler CFO as chairman - Handelsblatt tweet
Mon 12th Nov 2018 00:00 GMT
FRANKFURT Reuters - Thyssenkrupp (DE:TKAG) is due to install Daimler (DE:DAIGn) Chief Financial Officer Bodo Uebber as its chairman, German daily Handelsblatt said on Monday, citing industry [full report]

Egyptian Stocks Lead Losses Across Mideast, North Africa tweet
Sun 11th Nov 2018 17:48 GMT
Ezz Steel and Qalaa Holdings Saudi Arabias Tadawul All Share Index falls 0.4%. The gauge has retreated almost every day this month [full report]

Hold govt to account on mega deals, says Mudenda tweet
Fri 9th Nov 2018 17:17 GMT
If Zisco does not arise, the industrialisation in terms of steel trade will not happen, he said while giving his keynote address at the 2018 pre-budget seminar held in Bulawayo yesterday. Mudenda sai [full report]

Profit warning exposes takeover risk for Thyssenkrupp tweet
Fri 9th Nov 2018 00:00 GMT
By Christoph Steitz, Edward Taylor and Tom Kckenhoff FRANKFURT Reuters - A fresh hit to Thyssenkrupp (DE:TKAG) shares has driven down the group's enterprise value, raising the chances of a [full report]

Flat Steel Market Growth 2018-2025: Industry Size, Share ... tweet
Thu 8th Nov 2018 19:26 GMT
Hyundai Steel, IMIDRO, MMK, NSSMC, SAIL, Nucor Corporation, Severstal, Shagang Group The study further talks about who are the potential customers are and where most of them are located. Besides, anal [full report]

Fresh profit warning exposes flaw in Thyssenkrupp spin-off ... tweet
Thu 8th Nov 2018 00:00 GMT
By Christoph Steitz and Edward Taylor FRANKFURT Reuters - Thyssenkrupp (DE:TKAG) on Thursday cut its profit outlook for the second time this year, blaming provisions for an ongoing steel cartel [full report]

INDUSTRY NEWS


Season review: End of season roundtable tweet
Wed 14th Nov 2018 08:43 GMT
Keep spending on development and utilize the Steel as much as possible in the long term Jim: Id let Dockal go if Henan Jainyes price isnt reasonable. As good as he was, and as essential as that [see news]

Chinese authorities increase crackdown on workers and ... tweet
Wed 14th Nov 2018 08:33 GMT
Similarly, on 7 November, 300 workers from Hunan province who had travelled to Shenzhen demanding Far from weakening revolutionaries, repression will only steel and temper them as they learn from [see news]

Material Matters: Iron Ore, Nickel & Copper tweet
Tue 13th Nov 2018 15:11 GMT
Since the collapse of the Samarco dam took a chunk out of the export market in 2015, iron ore pellets have been in tight supply, reflected in a contract premium of US$58/t in 2018. While miners remain [see news]

India: Crude steel production up 5.2% at 61.1 MT this ... tweet
Tue 13th Nov 2018 14:29 GMT
Latin American economies led by Brazil, Argentina signal disastrous signals (GDP China is reducing tariffs including those on steel, textiles, building materials to 8.4% from the current level of [see news]

This Morning in Metals: Novelis Invests $175M in Brazil ... tweet
Tue 13th Nov 2018 10:26 GMT
This morning in metals news, Novelis Inc. announced a $175 million investment in its aluminum recycling and production capabilities in aluminum, Chinese steel prices fell, and U.S. CRC and HDG [see news]

Worlds largest Confucius statue gets final polish as ... tweet
Tue 13th Nov 2018 01:36 GMT
Made of brass and reinforced with steel, the giant effigy stands 72 metres which is headed by the Spring Temple Buddha in central Chinas Henan province, which stands 128 metres [see news]

Asia's 2018 Heroes Of Philanthropy: Putting Wealth To ... tweet
Mon 12th Nov 2018 14:34 GMT
Hui's other philanthropic work spans opening schools in his hometown Quanzhou, Fujian, to building hospitals in China's Kiswire, which manufactures specialty steel wire products for automotive, br [see news]

Israeli Soldiers Kill 6 Palestinians in Gaza, Injure ... tweet
Sun 11th Nov 2018 18:54 GMT
Israeli sources reported that one of the six men killed in the airstrike was Nour Barakeh, a deputy commander of an elite unit of Ezz al-Din al-Qassam eight Palestinians with rubber-coated steel b [see news]

Brazil steelmaker CSN plans 27.5 percent price hike for ... tweet
Thu 8th Nov 2018 11:00 GMT
The move marks the second time a Brazilian steel producer has tried to flex its muscle with but the company is a significant provider for the Brazilian unit of General Motors Co. Brazil, until the [see news]

To see other steel sector news reports, check out our other steel news pages.



SELECTED STEEL INDUSTRY MAPS


European BOF plants
European BOF plants

For other steel location maps, visit our steel industry maps page.




STEEL PLANT CAPITAL INVESTMENT COSTS



BOF SLAB PLANT

BOF-cc-slab
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

BOF-cc-hsm
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



steel sector 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 YEAR 2019

Table below shows global crude steel production 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?

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