CORPORATE NEWS
Bhushan Power & Steel auction: All eyes now on Oct ... 
Wed 17th Oct 2018 01:00 GMT Tata Steel had moved NCLAT in April against the decision to consider Liberty House's bid. Separately, JSW Steel's bid got more than 90 percent of the votes of lenders [
full report]
Irans minerals, mining exports rise 9.5pct in H1 2018 ... Wed 17th Oct 2018 00:08 GMT According to Mehdi Karbasian, the head of IMIDRO, the worth of Irans minerals and mining exports stood at USD 9 billion in the past Iranian calendar year (ended on March 20, 2018). As Karbasian [
full report]
Steel Rebar market worth $154.08 Billion by 2021 Tue 16th Oct 2018 18:12 GMT Access Free Sample Report tinyurl.com/y9jcjzom Major market players covered in the report are ArcelorMittal (Luxembourg), Gerdau S.A (Brazil), Nippon Steel & Sumitomo Metal Corporation (Japan), Posc [
full report]
Brazilian miner Vale will not chase big acquisitions Tue 16th Oct 2018 09:19 GMT He said Vale would use excess cash to pay dividends and buyback shares and he expected its Samarco iron ore mine to restart production in 2020 [
full report]
Turkey transfers operating rights of 7 coal fields to ... Tue 16th Oct 2018 01:39 GMT The energy ministry said that the Turkish Hardcoal Authority signed agreements with Erdemir Madencilik, TUMAS and Emsa Enerji, while the Directorate of Turkish Coal signed agreements with Imbat [
full report]
Aluminum Sheet/Strip Market 2025 Trend: Top Players Like ... Mon 15th Oct 2018 23:04 GMT Kobe Steel, Shandong Nanshan Aluminum, Jiangsu ALCHA Aluminium, ALCOA, Norsk Hydro, Guangdong HECTechnology Holding, Yunnan Aluminium, AMAG, Henan Mingtai Al. Industrial, UACJ, Aleris, Novelis, Alumin [
full report]
Shanghai steel hits over three-week high amid Chinas ... Mon 15th Oct 2018 16:34 GMT Shanghai rebar steel futures climbed to their highest level in more than Hebeis top steelmaking city of Tangshan on the same day ordered its mills to halve output for a week amid forecasts of unf [
full report]
Chinas Hebei to launch carbon offset market Mon 15th Oct 2018 01:54 GMT Earlier this year the Hebei government pledged to make further cuts in overcapacity in steel, coal mines private investors would all participate in the market. Guangdong and Fujian provinces both [
full report]
INDUSTRY NEWS
2019: Muhammadu Buhari promises free, fair elections Wed 17th Oct 2018 03:35 GMT We have opened discussions on the Ajaokuta Steel Complex, and we will continue, he added. The president told the Ambassador of Brazil, Richardo Guerra De Araujo, that the historical ties between bo [
see news]
BHP update on iron ore production in Jul-Sep quarter Wed 17th Oct 2018 00:38 GMT BHP announced that total iron ore production increased by 10 per cent Mining and processing operations at Samarco remain suspended following the failure of the Fund3o tailings dam and Santar6m [
see news]
Iron Ore is Defying Gravity (For Now) Wed 17th Oct 2018 00:26 GMT Need buying strategies for steel Request your two-month free trial According to Reuters - , top steelmaking city Tangshan has already started production curbs from Oct. 1, while Handan city [
see news]
China Exporters Feel the Trade-War Strain: Canton Fair ... Wed 17th Oct 2018 00:03 GMT Fujian Reida Precision Co. supplies consumer products like the idea remains hypothetical since their products have not yet been dragged into the trade war. Tariffs on steel and aluminum imposed by [
see news]
BHP Q1 Iron Ore Production Up 8%; But Cuts FY Copper ... Tue 16th Oct 2018 19:19 GMT (RTTNews) - BHP (BHP.AX, BLT.L, BBL, BHP) reported that its total iron ore production for the first operations. . Mining and processing operations at Samarco remain suspended following the [
see news]
Global Aluminium Conductor Steel-reinforced Cable (ACSR) ... Tue 16th Oct 2018 06:39 GMT Steel core wire is available in ACSR China is leading the regional ACSR market, whereas other global key markets include the U.S., India, Germany, U.K., Brazil, and Egypt. The manufacturers and se [
see 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]
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 [
see news]
Gold Prices Soar On Safe Haven Demand As Equities Collapse Fri 12th Oct 2018 07:41 GMT Despite the weakness in Chinese and global equity markets this week, Iron ore prices surged to their highest levels since March as traders reacted to news of temporary steel production cuts in the cit [
see news]
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
