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

CORPORATE AND INDUSTRY NEWS


melt shop steelworker

China iron ore plunges to six-week low as demand outlook ... 
Wed 16th Oct 2019 02:27 GMT
Chinese steel demand is forecast to grow just 1% next year also because of signs that global production has stabilized after a tailings dam disaster in Brazil early this year [see full report]

China iron ore extends falls as Tangshan tightens steelmaking ... 
Wed 16th Oct 2019 01:16 GMT
Tangshans move means more drastic steel production restrictions, after the city ordered steelmakers last week to reduce sintering, pelletising and blast furnace operations from Oct. 10 until Oct. [see full report]

NLMK supplies trial batch of pre-painted steel for LG ... 
Wed 16th Oct 2019 01:00 GMT
NLMK Lipetsk, the flagship site of NLMK Group, has supplied a trial batch of pre-painted steel with improved coating quality to leading white goods manufacturer LG Electronics plant in Russia. NLMK steel will be used to make washing machine bodies. The trial batch has been successfully tested at LG Electronics RUS plant in the Moscow Region. A multi-stage quality assessment confirmed that the properties of steel and the quality of the coating as in line with LG Electronics RUS [see full report]

Metalloinvest announces first ECA backed financing deal ... 
Wed 16th Oct 2019 01:00 GMT
Metalloinvest (the Company), a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, today announces the signing of an agreement with MUFG for ECA backed financing in the amount of EUR 9.9 mn. The loan will be used for the technical re-equipping of CCM-3 at OEMK, with the equipment supplied by INTECO melting and casting technologies GmbH. Insurance cover will be provided by Oesterreichische Kontrollbank AG, the Austrian [see full report]

One Dead, a Dozen Missing after Building Collapse in ... 
Tue 15th Oct 2019 19:07 GMT
The resident expressed concern about repairs being made to the columns without the necessary permits or basic precautions such as the use of steel jacks. Fifteen people perished in April when a [see full report]

Russia: Balakovo repairing mill-350/200 
Tue 15th Oct 2019 10:52 GMT
Balakovo Iron and Steel Works has started a scheduled capital repair of its mill-350/200. The lining of the heating furnace will be replaced. The repair will last for 4 weeks. The company will limit taking orders for November. [see full report]


We also show stainless steel industry news and other specialty metal news reports.
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SELECTED STEEL INDUSTRY MAPS


Map of European welded tube plants
European welded tube plants

For other steel location maps, visit our Steel Maps page.




STEEL WORKS CAPEX COSTS


BOF SLAB PLANT

capex cost of BOF steel plant
All cost estimates are in 2016 US dollars.
For further info visit our Capex Costs page.

Capital costs describe capex 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
Average capacity: 4210 kt
Sample size: 12
Average cost/tonne: $1050/t


INTEGRATED HOT STRIP MILL

hot strip mill capital investment costs
All cost 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
Average capacity: 6660 kt
Sample size: 16
Average cost/tonne: $1200/t




EMPLOYMENT BENCHMARKS


steel plant employment benchmarks

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 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 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%.


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
1689
2245
75.2%
2018
1819
2291
79.4%
2019
1838
2306
79.7%
2020
1852
2322
79.8%
Source: MCI analysis. Table last updated 26-Apr-19.



OTHER USEFUL METAL INDUSTRY WEBSITES

Why not check out the following news websites for the latest steel market and steelmaking raw material news reports?

Steel Guru at www.steelguru.com

SteelOrbis at www.steelorbis.com