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Steel industry news and business information.

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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


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Lower grade iron ore prices hit multi-year highs 
Sun 17th Mar 2019 14:04 GMT
In contrast, mid and higher grades fell quite sharply. Steel prices weakened as output restrictions in Tangshan, China's largest steel production hub, were removed. Lower steel prices, helping [see full report]

Bombay HC stays Nusli Wadia defamation plea hearing against ... 
Sun 17th Mar 2019 08:55 GMT
The Bombay HC on Monday stayed till March 27 the proceedings before a magistrate court in a 2016 criminal defamation case filed by Nusli Wadia against Ratan Tata and some other directors of [see full report]

EZDK selects Siemens analytics solution 
Sun 17th Mar 2019 05:49 GMT
Al Ezz Dekheila Steel Company Alexandria SAE (EZDK) has signed a contract with Siemens for a data analytics solution to monitor its industrial equipment. Under the agreement, Siemens will provide [see full report]

Light Gauge Steel Framing Market Predicted $43.65 Billion ... 
Fri 15th Mar 2019 10:24 GMT
However, it is also notable that there have been more and more projects using light gauge steel in developing countries such as India, China, Brazil and many Middle Eastern countries too. At [see full report]

Brexit, trade talks amp up ASX jitters 
Fri 15th Mar 2019 00:08 GMT
Demand was further supported after Chinese policymakers relaxed restrictions on sintering output int he steel-making hub of Tangshan. We expect iron ore prices will spike its the $US90s as [see full report]

NLMK Group localizes Steeluniversity for Russia 
Fri 15th Mar 2019 00:00 GMT
NLMK Group is pleased to announce the launch of the Russian version of Steeluniversity, a famous educational website of the International Iron and Steel [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 BOF plants
European BOF 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 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 news websites for the latest steel market and steelmaking raw material news reports?

Steel Guru at www.steelguru.com

SteelOrbis at www.steelorbis.com