CORPORATE NEWS
Global Vanadium market segmentation application with ... 
Sun 14th Oct 2018 15:16 GMT Access Report at: www.themarketreports.com/report/glrvey-report-2018 Companies like Bushveld Minerals, VanadiumCorp, Evraz, Panzhihua Iron and Steel Group, Largo Resources Ltd., Atlantic, Glencore, X [
full report]
ArcelorMittal signs pact to sell 4 European steel plants ... Fri 12th Oct 2018 01:00 GMT The four assets are part of a divestment package that ArcelorMittal agreed with the European Commission (EU) related to its acquisition of Ilva SpA (Ilva), it said [
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Research details developments in the Steel Cord Market ... Thu 11th Oct 2018 06:52 GMT Shandong Snton Steel Cord, Bridgestone, Shougang Century, Tokusen, Tokyo Rope Mfg, Hubei Fuxing New Material, Bmz, Henan Hengxing, Junma Tyre Cord, Sumitomo Electric Industries, Sodetal and others. Ac [
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BHP aims to restart Olympic Dam copper facility this ... Thu 11th Oct 2018 00:25 GMT In Brazil meanwhile, it is still too soon to say when BHPs Samarco iron ore operations, a joint venture with Vale , will resume output following a dam burst in late 2015. Brazil says this was [
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BHP eyes Olympic Dam restart this month; Samarco restart ... Wed 10th Oct 2018 13:29 GMT In Brazil, Henry says it is still too early to say when the BHP-Vale Samarco iron ore joint venture will resume production following the 2015 tailings dam burst. We're not on the cusp of a [
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P&G gets steel tariff exemption for Gillette, Venus ... Tue 9th Oct 2018 14:01 GMT P&G and Edgewell both said that U.S. steel manufacturers cannot supply the high-quality Heres a Better Stock to Buy The Motley Fool More From Reuters - Exclusive: Brazil's Bolsonaro would not sell [
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Specular Hematite Market Key Vendors, Driver, Challenges ... Tue 9th Oct 2018 01:44 GMT Companhia Siderurgica Nacional, Australasian Resources, Rio Tinto, BHP Billiton, Fortescue Metals Group, Atlas Iron, Gerdau, Baotou Iron & Steel, Arrium (SIMEC), BC Iron, National Iranian Steel, Cleve [
full report]
Mining Co. Says No Class Cert. In Brazil Dam Collapse ... Mon 8th Oct 2018 19:08 GMT The case was brought in response to the collapse of the dam, which was a repository of iron ore tailings. In addition to the 19 Vale owned half of Samarco Mineracao SA, which owned and operated [
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INDUSTRY NEWS
Iron ore prices are still climbing Sun 14th Oct 2018 14:37 GMT Reports that steel mills in Tangshan, Chinas largest steel-making city, have been ordered to cut output between October 11 to 18 due to the likelihood of adverse weather conditions likely underpinned [
see news]
ASX appears poised to miss rally, futures point to lower ... Sun 14th Oct 2018 12:47 GMT Prices of steel rebar rose on Friday, posting the best week since mid-August as tougher production restrictions in the country's top steelmaking hub raised concerns about short supplies. Tangshan city [
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Shanghai rebar climbs after Tangshans emergency output ... Fri 12th Oct 2018 15:08 GMT Prices of steel rebar rose on Friday, posting the best week since mid-August as tougher production restrictions in the countrys top steelmaking hub raised concerns about short supplies. Tangshan city [
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Russia: Amurstal sales up in September 2018 Fri 12th Oct 2018 10:28 GMT In September railroad sales of steel from Amurstal totaled 55.1 thousand tons, up 2.6-fold YoY. In January-September sales grew 5.2-fold, to 406.5 thousand tons. This year Russian customers received 138.2 thousand tons, while 268.3 thousand tons were exported. (Ukrainian metal) [
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Steel Forgings Market to Witness Huge Growth by 2025: ... Fri 12th Oct 2018 05:18 GMT growth rate of Steel Forgings in these regions, from 2013 to 2023 (forecast), covering North America (U.S. & Canada) Market Revenue (USD Billion), Growth Analysis (%) and Opportunity Analysis La [
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BRIEF-Hunan Valin Steel Sees Q3 Net Profit At 1.93-2.13 ... Fri 12th Oct 2018 04:11 GMT Oct 12 Reuters - Hunan Valin Steel Co Ltd: * SAYS IT SEES Q3 NET PROFIT AT 1.93-2.13 BILLION YUAN ($278.61-307.48 million) VERSUS 1.62 BILLION YUAN YEAR EARLIER Source text in Chinese: https://bit.l [
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Iron ore ignored the carnage seen in Chinese stocks Fri 12th Oct 2018 01:41 GMT likely helped by reports of temporary steel production cuts in the Chinese city if Tangshan. China will release trade data for September later in the session. Iron ore spot and futures markets finishe [
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China's September iron ore imports rise ahead of winter ... Thu 11th Oct 2018 23:01 GMT Steel mills churning out products ahead of winter the rates and timeframes for individual cuts. Top steelmaking city Tangshan has started production curbs from Oct. 1, while Handan city [
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China's Tangshan orders steel mills to halve output for ... Thu 11th Oct 2018 12:08 GMT BEIJING Reuters - Chinas steelmaking hub of Tangshan has ordered mills to cut output by half from Oct. 11 to 18 due to forecasts of adverse weather, according to a city government document reviewed [
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SELECTED STEEL INDUSTRY MAPS
USA zinc coating lines
For other steel location maps, visit our steel industry maps page.
STEEL PLANT CAPITAL INVESTMENT COSTS
BOF SLAB PLANT
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
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
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 YEARS 2017-2018
Table below shows global crude steel production volumes and capacity figures - as assessed by World Steel Association and by the OECD to 2018 - and resulting calculation of steelmaking capacity utilisation. The overall picture for 2018 as compared to 2017 is that of a tiny reduction in the global capacity surplus [which will fall from ~602mt to ~598mt] and a small but significant improvement in world capacity utilisation at the crude steel level.
Year
Production
million t
Capacity
million t
Capacity
Utilisation
Graph below shows the relationship between steel prices and global plant loading - and indicates (both for HRC and for rebar) that prices fall ~$27/tonne per 1% drop in capacity utilisation.
In 2017, on the basis that world capacity utilisation remains largely at 2016 levels of approx 67.4% (see table), MCI's consultants expect steel prices to remain at 2016 levels.
In 2018, assuming a very small improvement in global plant loading, we forecast just a tiny increase in steel price levels of the order of $5/tonne (hot rolled coil and reinforcing bar). For other products and / or for steel price forecasts through to 2020, please contact us.
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
