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Raw Material & Steel Prices

pig iron prices
rebar prices
hot rolled coil prices

Trends & Forecasts

Steelmaking raw material costs and finished steel prices are on a falling trend, but the low point in the cycle may be some way off. Why not check out our pricing pages to learn more about billet, slab, DRI and electrode prices? Or click here to see our five year steel price projections.

Records available for purchase

Capex Costs

We maintain a database of capital investment costs for iron and steelmaking plant and equipment. The database, compiled from public information on onver 1000 actual investments, covers the following.

  • Raw materials: sinter plants, coke making, DRI, pellet plants, coal washing plants, lime plants.
  • Iron and steelmaking: blast furnaces, BOF, EAF, induction furnaces, and continuous casting. We also maintain capital investment cost data for pig iron desulphurization, and ladle furnaces, vacuum degassing.
  • Flat products: steel plate, hot rolled coil, cold rolled coil, hot dip galvanised sheet, tinplate, organic coated sheet.
  • Long products: heavy sections, rail, steel bar, rod, wire.
  • Tube: welded pipe and seamless tube.
  • Ancillary operations: air separation units, power plants, slitting lines, pickling plant, waste water treatment plant, acid regeneration plants.

  • slab plant costs
  • integrated steel mill capex costs
  • dri plant investment costs
  • billet mill construction cost
  • cost of mini-mill construction
  • bar mill cost

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Contact us to learn more about our iron and steelmaking capex cost database. We can also assist with valuations of second-hand equipment.




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Any map made to order

Selected Steel Industry Maps

  • chinese seamless tube plant map
  • map of european sbq plants
  • map of induction furnace plants in india
  • map of dri plants in middle east
  • map of american zinc coating lines

We can supply plant location and capacity spreadsheet data and / or prepare maps for any group of facilities in most geographies.


Cost Models

We can prepare cost models for raw material production (including coke, sinter, DRI), iron and steelmaking (BOF, EAF and induction furnace), casting and rolling (including flat, long or tube products). These models can be prepared for any region of the world, or for any nominated facility. Please contact us for further information.

Example here shows 2020 liquid steel cost for EAF-based steelmaking in a notional 1 mt / year coastal plant in Japan.

Cost models may be supplied for single or linked process steps (e.g. EAF + caster + bar mill); and with more or less detail than shown here.

2020 EAF Cost Model

eaf cost model
Models can also be used for cost curves e.g. HRC cost curve


Historic Perspectives

Selected Steel Firm: Shandong

Recent events:
2008: Shandong Steel established in 2008 from merger of Jinan & Laiwu.
2009: Acquires 67% stake in Rizhao Iron and Steel.
2011: Shansteel buys 25% equity stake in Tonkolili Iron Ore.
2015: Acquires remaining 75% ownership stake in Tonkolili Iron Ore.
2017: Agreed plate mill upgrade after relocation to Rizhao.
2017: Completes closure of all production lines at Jigang subsidiary.
2019: Slab casters CC4 and CC5 moved from Jinan to coastal site at Rizhao.
2019: Sierra Leone cancels Shandong mining licence.

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Contact us for a facility overview of this or any other firm.

For earlier Shandong events,
visit Shandong history page.

Why not check out our history of steel pages, and learn about the corporate history of the world's 30 largest steelmakers?

steel history

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Independent Advisory Support

Our main business is feasibility study appraisal and due diligence work, for mining and metal sector clients worldwide. Call us for a no-obligation discussion on +44-775-149-0885 or email us at

We may be able to help with an independent market, technical and / or financial review of your investment plans, and perhaps assist you in obtaining external finance.

Our parent company Metals Consulting International Limited is an independent privately owned business based in London, United Kingdom.

ladle furnace

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