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


iron ore mine

EU takes aim at Turkish steel sector 
Fri 18th Jan 2019 13:31 GMT
Erdemir, Turkeys largest producer Local demand is also extremely poor, said Turkish Steel Exporters Association (CIB) head Adnan Aslan. The CIB estimated late last year, before the latest [see full report]

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]

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


CALENDRIER du 21 janvier au 27 janvier 2019 
Fri 18th Jan 2019 04:18 GMT
Mr Phil Hogan in Cairo, Egypt: meets Mr Sameh Hassan Shoukry Selim, Minister for Foreign Affairs; meets Mr Ezz el-Din Abu-Steit receives representatives of the Slovak business ( [read more]

The weakness in trade goes beyond a tariff war 
Fri 18th Jan 2019 00:00 GMT
It is scarcely a surprise to learn that all is not well in the world of global trade. Donald Trump has slapped tariffs on steel and aluminium imports from countries around the world in response [read more]

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]

Rare Earth Metals market is projected to grow at 5.6% ... 
Wed 16th Jan 2019 06:40 GMT
The key rare earth metal manufacturers are Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co Ltd., Molycorp Inc, China Minmetals Rare Earth Co. Ltd, Great Western Minerals Group Ltd., [read more]

We also show stainless steel industry news and other specialty metal news reports.
To see all our latest news check out our other news pages.



SELECTED STEEL INDUSTRY MAPS


Map of European SBQ plants
European SBQ plants

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




STEEL PLANT 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

steel 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 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.




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