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


production

Severstal reports Q3 & 9M 2018 operational results tweet
Mon 10th Dec 2018 00:00 GMT
Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the worlds leading vertically integrated steel and steel-related mining companies, today announces its operational results for Q3 & 9M 2018. Q3 2018 GROUP HIGHLIGHTS Hot metal output increased 2% in Q3 2018 to 2.30 mln tonnes (Q2 2018: 2.26 mln tonnes) compared with the previous quarter after short-term maintenance works at BF#4 and BF#5. Crude steel productionincreased 2% to 3.06 mln tonnes (Q2 2018: 3.00 mln tonnes) in line with pig iron p [full report]

Remember The Golden Days Of Our EU Affair? A Norway Deal ... tweet
Mon 10th Dec 2018 00:00 GMT
The Times On Tuesday evening one of us will vote against Theresa Mays deal. The other will vote in favour. One of us will vote for Jeremy Corbyns amendment and for any motion of no confidence in the government. The other will vote against. One of us is Welsh through and through the representative of the Port Talbot steel-making community and proud scion of a tribe of passionate Labour politicians and trade unionists. The other is as English as hot buttered toast, the representative of G [full report]

NLMK Group launches construction of stamp charging complex ... tweet
Mon 10th Dec 2018 00:00 GMT
NLMK Group, a global steel company, has embarked on a project to implement stamp charging technology at an operating coke oven battery at Altai-Koks, a leading Russian manufacturer of metallurgical coke. This project, which is worth a total of 3.3 billion rubles, will boost coke quality and reduce the cost of its production, and improve the environmental footprint of operations. Stamping technology is under implementation at Coke Oven Battery No. 5, the biggest and the most advanced coke oven [full report]

Banks, ArcelorMittal oppose Essar Steel proposal tweet
Mon 10th Dec 2018 00:00 GMT
The same stand was taken by the resolution professional of bankrupt Essar Steel, saying it is too late for Essar Steel Asia Holding, which holds 72 percent shares in Essar Steel, to offer a settlement [full report]

Muderedzi challenges Coventry tweet
Sun 9th Dec 2018 14:05 GMT
It was in the early 1980s when I was doing form four at Drake High School as a junior athlete with Zisco Steel Athletics Club when I beat Zimbabwe National Champion Christopher Mudzokere at 19, he s [full report]

Heavy Rail Consumption Market Study Major competitors ... tweet
Sun 9th Dec 2018 01:46 GMT
The report includes a detailed synopsis of the competitive landscape of Heavy Rail Consumption market, some of those being Ansteel, EVRAZ, BaoTou Steel, ArcelorMittal, Tata Steel, SAIL A basic outline [full report]

Thyssenkrupp, Tata Steel near decision on steel joint ... tweet
Sun 9th Dec 2018 00:00 GMT
DUESSELDORF/LONDON Reuters - Germany's Thyssenkrupp (DE:TKAG) and India's Tata Steel (NS:TISC) are close to deciding who will lead their planned European steel joint venture, four [full report]

Sprint legend Partson Muderedzi challenges minister Coventry tweet
Fri 7th Dec 2018 16:00 GMT
It was in the early 1980s when I was doing form four at Drake High School as a junior athlete with Zisco Steel Athletics Club when I beat Zimbabwe National Champion Christopher Mudzokere at 19, he s [full report]

INDUSTRY NEWS


Metalloinvest and ChelPipe Group discuss ways to boost ... tweet
Mon 10th Dec 2018 00:00 GMT
Metalloinvest (the Company), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, and ChelPipe Group have held a Coordination Committee meeting at OEMK (part of Metalloinvest). During the meeting the parties discussed options to increase supplies of high quality steel grades from OEMK to Pervouralsk New Pipe Plant (part of ChelPipe Group). Experts from ChelPipe Group visited the main departments of the OEMK plant, learned about te [see news]

Huawei arrest: This is what the start of a tech Cold ... tweet
Sun 9th Dec 2018 23:11 GMT
In the 20th century, steel, coal, automobiles issued a similar export ban for state-owned Chinese chipmaker Fujian Jinhua. The US government said it posed a significant risk of [see news]

Tangshan deepens output curbs in December to fight smog ... tweet
Sun 9th Dec 2018 21:01 GMT
Reuters - reported that steel mills and other industrial plants in Chinas top steelmaking city Tangshan were on Saturday ordered to make further output cuts in December, as part of emergency [see news]

Tangshan issues level smog alert effective during Dec ... tweet
Sun 9th Dec 2018 19:17 GMT
Under the alert, steel mills and other industrial plants are required to make additional output cuts on top of those already ordered during the winter heating season. SHANGHAI, Dec 10 (SMM) Chinas [see news]

Steel Roses facing stiff challenge tweet
Sun 9th Dec 2018 18:21 GMT
In all their previous campaigns, the Steel Roses have made it out of the group stage and Norway and Nigeria; C) Australia, Italy, Brazil, Jamaica; D) England, Scotland, Argentina, Japan; E) Canada [see news]

W/e: Chinas top steelmaking city to make additional output ... tweet
Sun 9th Dec 2018 14:43 GMT
Weekend news from China - top steelmaking city Tangshan told steel mills and other industrial plants on Saturday to make additional output cuts on top of those already ordered during winter to cut pol [see news]

Iron ore prices diverge as China's top steel city announces ... tweet
Sun 9th Dec 2018 13:03 GMT
Steel mill utilisation rates are falling as are Chinese iron ore imports. Tangshan, China's top steel production hub, announced second-level smog alerts last weekend, triggering even tougher productio [see news]

Ductile Iron Pipe Market Growth Analysis, Sales, Revenue ... tweet
Sun 9th Dec 2018 02:17 GMT
Electro-steel Steels, Mcwane, AMERICAN Cast Iron Pipe Company, Kurimoto, Xinxing Ductile Iron Pipes, Benxi Beitai, Rizhao Zhufu, Angang Group Yongtong, Shandong ductile pipes, Shanxi Guanghua, SUNS & [see news]

Karachi receives first rain of winter season tweet
Sat 8th Dec 2018 23:27 GMT
As per details, citys area of Gulshan-e-Hadeed, Steel Town, Pipri and adjoining areas received heavy rain which turned the atmosphere extremely pleasant and significant increase in the cold [see news]

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



SELECTED STEEL INDUSTRY MAPS


World coke plants
World coke 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