Steel industry news and business information website.

sotn
This website is owned and operated by UK-based Metals Consulting International Ltd.
Our main business activity is steel industry capital investment appraisal.
You are here: www.steelonthenet.com > index.php

STEEL NEWS REPORTS

CORPORATE NEWS


rebar

Detailed examination of the Steel Ingot's industry sales ... tweet
Mon 19th Nov 2018 10:49 GMT
U.S. Steel Corporation, Imidro, Rizhao Steel, Fangda Steel, Evraz, Mmk, Baotou Steel and others. Access a copy of this report at: www.themarketreports.com/report/buy-now/912791 When taking a good look [full report]

China's CEFC paid out compensation after Rosneft stake ... tweet
Mon 19th Nov 2018 00:00 GMT
CEFC had signed a deal to buy 14.2 percent of Rosneft from Qatar and Glencore when CEFC Chairman Ye Jianming was put under investigation by the Chinese authorities for suspected economic crimes [full report]

Crude Steel Market Share, Growth, Region Wise Analysis ... tweet
Sat 17th Nov 2018 06:35 GMT
And Steel Works (MMK), Iranian Mines & Mining Industries (IMIDRO), Techint (Tenaris), Maanshan Steel Crude Steel Production and Revenue Forecast Crude Steel Production and Revenue Forecast by Regi [full report]

Shamil Kurmashov appointed NLMK Group CFO tweet
Thu 15th Nov 2018 00:00 GMT
NLMK Group, an international steel company, is pleased to announce the appointment of Shamil Kurmashov as NLMK Group CFO, effective 15 November 2018 [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]



subscribe now

INDUSTRY NEWS


Global Ductile Iron Pipe Market Analysis with Statistical ... tweet
Mon 19th Nov 2018 23:01 GMT
Top leading companies are Saint-Gobain, Kubota, Jindal SAW, Electro-steel Steels, Mcwane, AMERICAN Cast Iron Pipe, Kurimoto, Xinxing Ductile Iron Pipes, Shandong Ductile Pipes, Benxi Beitai [see news]

Fujian Sangang buys bankrupt Laiwu Steel in Xinjiang tweet
Mon 19th Nov 2018 20:50 GMT
Chinas government-backed Fujian Sangang Group purchased iron- and steel-making capacity from a bankrupt plant in western China. Fujian Sangang will pay CNY 1.81 billion (USD 260.71 million) for [see news]

Iran Ups Sponge Iron, Steel Exports from Southeastern ... tweet
Sat 17th Nov 2018 02:47 GMT
The customs report noted that the major part of the exports was destined to Thailand, Brazil, Indonesia, China, and Italy. With three steel manufacturing companies and the capacity of producing [see news]

Steel Tie Rod Market to witness consistent growth in ... tweet
Thu 15th Nov 2018 06:26 GMT
Request Sample/Inquire more information about this Steel Tie Rod research at https Russia, Rest of Europe, Brazil, Rest of South America, GCC Countries, Turkey, Egypt, South Africa, Rest of Middle [see news]

Fortescue Metals: Seeing record steel production tweet
Thu 15th Nov 2018 06:09 GMT
Elizabeth Gaines says the steel inventories are increasing, which is "positive" for the company supplying in China [see news]

Dongkuk Steel shifts to Q3 net loss on equity shortfall tweet
Wed 14th Nov 2018 20:51 GMT
A company spokesman said over the phone that Equity losses from the company's affiliates, such as a steel mill in Brazil, cut into the quarterly bottom line. The won's weakness against the dollar [see news]

Galvanized Steel Strip Market Growth opportunities, Sales ... tweet
Wed 14th Nov 2018 08:26 GMT
Brazil, Rest of South America, Middle East & Africa, GCC Countries, Turkey, Egypt, South Africa, Rest of Middle East & Africa. Galvanized Steel Strip Market 2025 report has Forecasted Compound Annual [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]

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



SELECTED STEEL INDUSTRY MAPS


USA zinc coating lines
USA zinc coating lines

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