Steel news and industry information.

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

CORPORATE NEWS


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Severstal reports Q4 & FY2018 operational results 
Fri 18th Jan 2019 00:00 GMT
PAO 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 Q4 and FY2018. Q4 2018 GROUP HIGHLIGHTS Hot metal output decreased 3% q/q in Q4 2018 to 2.23 mln tonnes (Q3 2018: 2.31 mln tonnes), due to BF#2 short-term maintenance works. Crude steel production declined by 4% to 2.94 mln tonnes (Q3 2018: 3.06 mln tonnes) reflecting a decrease in pig iron production [see full report]

Vale ships iron ore pellets for port sales in China ... 
Thu 17th Jan 2019 22:08 GMT
Traders said that Vale had shipped two 150,000 tonnes cargoes of 64% Fe pellets to Caofeidian port in Tangshan and Rizhao port in Shandong. Market sources are concerned that these [see full report]

EU safeguards quota to hit Turkish rebar mills - Report 
Thu 17th Jan 2019 21:07 GMT
However, Erdemir, Turkeys largest producer, said it was producing as normal. The Commission said on Wednesday it will extend and beef up its existing safeguard steel import caps until [see full report]

INDUSTRY NEWS


Dr. Chan: I Am Bullish For These Reasons 
Thu 17th Jan 2019 18:36 GMT
Recently, Shougang Concord International Enterprises (HK to focus on the carpark business as well as develop a plot of land in Beijing where the old steel mill once stood. This is a mega [read more]

Russia: ChEMK fined for environment violations 
Thu 17th Jan 2019 10:59 GMT
The prosecutors of the Yamalo-Nenets Autonomous District have checked the compliance with the environment legislation by Chelyabinsk Electrometallurgical Works. As a result, multiple violations have been found. In particular, ChEMK pollutes the Makar-Ruz and Yengai rivers, stores wastes, and violates fire and industrial safety. The company has been fined for 1.5 million rubles [read more]

Russia: LGOK output up in 2018 
Thu 17th Jan 2019 10:57 GMT
In 2018 Lermontovsky Mining and Processing Works produced 375 tons of tungsten concentrate valued at 528 million rubles, up from 79 tons and 98 million rubles in 2017. Ore mining grew from 78 tons to 98 tons. Average salary increased to 31 thousand rubles from 24 thousand rubles [read more]

Indian steel export strategy getting increasingly diversified: ... 
Mon 14th Jan 2019 12:31 GMT
The Dispute Settlement Body of WTO has literally lost its relevance, although India has approached it for finding a solution to the unilateral announcement of duty hike on steel and aluminium by [read more]

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


World coke plants
World coke plants

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




STEEL PLANT CAPEX COSTS


BOF SLAB PLANT

BOF-cc-slab
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

BOF-cc-hsm
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 sector 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.


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INDUSTRY SUPPLY & DEMAND FORECASTS FOR YEAR 2019

Table below shows global crude steel output 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 for the latest steel market and steelmaking raw material news reports?

Steel Guru at www.steelguru.com

SteelOrbis at www.steelorbis.com