INDUSTRY AND COMPANY NEWS
Iron ore prices soar amid Brazils worsening COVID-19 ... Wed 27th May 2020 13:22 GMT
Brazil's worsening COVID-19 crisis and the reduced shipment of iron ore from the South American country have led to a surge in global iron ore prices on the back ofresilient demand [more
]Fortescue drops case against Argus publishing iron ore ... Wed 27th May 2020 01:00 GMT
Australian mining giant Fortescue Metals Group (FMG) has withdrawn a legal case against commodity price reporting agency Argus, in which it sought to prevent the publication of information about low grade iron ore prices. This move follows a London High Court decision last Friday, 22 May, in which Justice Robert Miles dismissed an injunction on Argus which aimed to halt publication. Adrian Binks, chairman and chief executive of Argus Media said we are very glad that the principle of [more
]Eurofer seeks Severstal HRC anti-dumping duty review Wed 27th May 2020 01:00 GMT
European steel association Eurofer is pressing for an interim anti-dumping duty review against Russian steelmaker Severstal for its hot-rolled coil (HRC) shipments to the EU. Severstal pays a 17.60/t ($19.35/t) duty on deliveries to the EU, but Eurofer believes there is a chance of tripling this through a review, as it sees 9-17pc [more
]Dalian iron ore futures fall on rising shipments from ... Wed 27th May 2020 01:00 GMT
Iron ore futures in China extended losses into a second straight session on Tuesday, dropping nearly 3.5% as data showing higher shipments from mainstream miners last week eased supply woes. Miners in Australia and Brazil shipped 26.03 million tonnes of the steelmaking ingredient last week, up 4.08 million tonnes from the week earlier, data compiled by Mysteel consultancy showed. Benchmark iron ore futures on the Dalian Commodity Exchange , for September delivery, faltered as much as [more
]History Repeats As Brazil Delivers Another Iron Ore Boom Mon 25th May 2020 21:09 GMT
Brazils worsening Covid-19 crisis is making waves in the commodities world with reduced iron ore shipments from the South American country lifting the price of the steel-making material by 30% [view original press release
]China steel body, producers call for domestic iron ore ... Mon 25th May 2020 15:53 GMT
Chinas steel association and major steelmakers have called for an increase in domestic iron ore production as well as greater investment in exploration overseas to ensure supplies. He Wenbo, [read full press release
]NLMK improves environmental performance of BF and BOF ... Mon 25th May 2020 01:00 GMT
NLMK Lipetsk, NLMK Groups flagship production site, has completed performance testing of new air purification systems installed on facilities that underwent capital repairs in late 2019, namely Basic Oxygen Furnace No. 2, which has a capacity in excess of 3 million tonnes of steel per year and Blast Furnace No. 6, which has a capacity of 3.4 million tonnes of pig iron [read original press release
]NLMK Group among Top 10 steel companies globally in value ... Mon 25th May 2020 01:00 GMT
NLMK Group was ranked sixth among steel companies globally by total shareholder return (TSR) in the 2020 Value Creators report, a ranking compiled by The Boston Consulting Group (BCG) that covered a five-year period from 2015 through [more
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SELECTED STEELWORKS MAPS
Map of European BOF plants
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
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%.
Source: MCI analysis. Table last updated 26-Apr-19.
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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.