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Our main business activity is steel industry capital investment appraisal.
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3 Bills get Senate nod tweet
Mon 21st May 2018 16:01 GMT
Governments decision to take over Zisco debts followed attempts by two Indian firms to revive the steelmaking firms operations but have, for various reasons, failed. In 2006, another Indian company Global Steel Holdings Limited was given [full report]

Brazil regulator investigates dispute between CSN, shareholder tweet
Mon 21st May 2018 06:59 GMT
SAO PAULO, May 21 Reuters - Brazils CVM securities regulator has opened an administrative was secretly serving the interests of notorious (CSN) opponent Nippon Steel & Sumitomo Metal Corp , adding that CSN executives acted lawfully [full report]

NCLAT declines to stay Bhushan Steel sale to Tata Steel ... tweet
Mon 21st May 2018 01:00 GMT
An NCLAT bench issued notices to Tata Steel, the resolution professional and Committee of Creditors (CoC) of Bhushan Steel on a petition filed by its promotor Neeraj Singal [full report]

Liberty Steel Georgetown continues preparations for restart tweet
Mon 21st May 2018 01:00 GMT
Liberty Steel USA preparations for the restart of Georgetown wire mill, South Carolina, will reach another milestone this week (21st May) with the arrival of new general manager, Revansidha Rohit Gulve, who is joining the operation from Gerdau Steel in Beaumont, Texas [full report]

Commercial Metals Company Announces Third Quarter Fiscal ... tweet
Mon 21st May 2018 01:00 GMT
Commercial Metals Company (NYSE: CMC), in conjunction with its third quarter earnings release, invites you to listen to its conference call that [full report]

Bhushan Steel's buyout to reduce PSB NPAs by Rs 35,000 ... tweet
Mon 21st May 2018 01:00 GMT
Tata Steel completed the acquisition of controlling stake of 72.65 per cent in Bhushan Steel for around Rs 36,400 crore after emerging as the winning bidder in an insolvency auction [full report]

Mineral Projects Worth $3.6b in the Pipeline tweet
Sun 20th May 2018 13:38 GMT
Hormozgan Steel Companys capacity expansion and the first production phase of Lorestan Lime Company, IMIDROs head of strategic planning, Somayyeh Kholousi, said. Iran is home to 68 types of minerals with more than 37 billion tons of proven [full report]

Nucor (NUE) Shares Sold by Alpine Woods Capital Investors ... tweet
Sat 19th May 2018 12:26 GMT
Alpine Woods Capital Investors LLC cut its holdings in shares of Nucor by 12.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,700 shares of the basic materials company's stock after selling 3,500 shares during the quarter [full report]

Nucor (NUE) Shares Bought by Robeco Institutional Asset ... tweet
Fri 18th May 2018 21:54 GMT
Robeco Institutional Asset Management B.V. grew its stake in shares of Nucor by 6.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 180,972 shares of the basic materials company's stock after buying an additional 11,398 shares during the period [full report]


China Stocks-Factors to watch on Tuesday tweet
Mon 21st May 2018 18:58 GMT
tackle risks -sources * Trump trade threat looms large as Merkel heads to China * China launches fresh campaign against trash smuggling * U.S. slaps heavy duties on Chinese steel shipped from Vietnam * US Chamber of Commerce, others back changes to foreign [see news]

Acero calls to the governments of the region to face ... tweet
Mon 21st May 2018 01:00 GMT
Alacero - Santiago, Chile, May 21, 2018. The world steel industry is in a process of structural change unprecedented in its history and Latin American producer companies are being affected [see news]

BRIEF-Inner Mongolia Baotou Expects To Realise Net Profit ... tweet
Sun 20th May 2018 17:34 GMT
May 18 Reuters - Inner Mongolia BaoTou Steel Union Co Ltd : * SAYS BASED ON ITS CALCULATION, IT EXPECTS TO REALISE A NET PROFIT OF AT LEAST 2.0 BILLION YUAN ($314.00 million) FROM RARE EARTH BUSINESS IN 2018, RESPONDING TO MEDIA REPORTS Source text in [see news]

Steel Dynamics to acquire CSN Heartland flat-rolled operations tweet
Fri 18th May 2018 07:57 GMT
Steel Dynamics Inc., headquartered in Fort Wayne, Indiana, has announced that it has entered into a definitive agreement to acquire Companhia Siderurgica Nacional LLC In addition, the company produces liquid pig iron and processes and sells ferrous [see news]

Weichai to buy 20% stake in fuel cell maker Ceres Power tweet
Wed 16th May 2018 23:00 GMT
JINAN - Weichai Power, a leading Chinese automobile and equipment and is manufactured using conventional materials such as steel, meaning that it can be mass produced at an affordable price. China has set very ambitious targets to significantly [see news]

Inside China's million-pound 'hog hotel': Farmers keep ... tweet
Wed 16th May 2018 14:54 GMT
In Fujian province, Shenzhen Jinxinnong Technology Co Ltd also It would save on land but increase the complexity of the structure, and costs for concrete or steel would be higher,' he said. Health concerns also raise costs, because the risk of rampant [see news]

IMIDRO Outlines Steel Sectors Monthly Performance tweet
Wed 16th May 2018 14:42 GMT
A total of 3.88 million tons of iron ore concentrate was produced in Iran during the first month of the current fiscal year (March 21-April 20), to register a 30% growth compared with last years similar period. According to the Iranian Mines and Mining [see news]

Press Release: Steel Dynamics to Acquire CSN Heartland ... tweet
Wed 16th May 2018 01:00 GMT
FORT WAYNE, Ind.,May 14, 2018/PRNewswire/ -- Steel Dynamics, Inc. (NASDAQ/GS: STLD) today announced that it has entered into a definitive agreement to acquire Companhia Siderurgica Nacional, LLC [see news]

How Trumps Steel Tariffs Against China Can Impact the ... tweet
Tue 15th May 2018 10:03 GMT
With the surprise announcement by President Trump to impose tariffs on steel and aluminum, many countries have been scrambling to deal with the potential ramifications. Trump has since exempted the European Union, as well as Argentina, Australia [see news]

Trump's delay on tariff decision disappoints regional ... tweet
Mon 14th May 2018 04:40 GMT
Regional iron and steel industry leaders say they are disappointed by the Trump administration's delay on a decision about which countries will face new import tariffs. President Trump has postponed until June a decision on which countries will be subject to new tariffs on steel and aluminum imports [see news]

To see other steel sector news reports, check out our other steel news pages.


Middle East DRI plants
Middle East DRI plants

For other steel location maps, visit our steel industry maps page.



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


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

Analyses above were last updated in January 2016. For further item-specific capital investment data see our steel capex database page.


steel sector 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.


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.

million t
million t
Source: MCI analysis. Table last updated 15-Nov-17.

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.

world steel price levels

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.


Why not check out the following websites?

American Metal Market (AMM) at
Steel Guru at
SteelOrbis at
Metal Bulletin at