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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


ferrous scrap

Tokyo Steel to hold prices steady in March for third ... 
Sun 17th Feb 2019 23:09 GMT
But the company is closely watching rising costs including steel scrap, partially influenced by the surging iron ore prices after the collapse of a dam at a mine owned by Brazils [see full report]

Is it time to sell the rallies on Dubai, Abu Dhabi stock ... 
Sun 17th Feb 2019 05:44 GMT
Palm Hills and Ezz Steel shares were up more than 5 per cent. The Egyptian index has gained 15 per cent since the start of the year. Elsewhere in the region, Saudi Arabias Tadawul index [see full report]

Government to examine steel players' demand for MIP on ... 
Sun 17th Feb 2019 00:00 GMT
In a meeting on February 6, major steel players, including SAIL and JSW Steel, requested the steel ministry to impose an MIP on all [see full report]

JSW Steel: Buy stock as profitability was intact even ... 
Fri 15th Feb 2019 18:52 GMT
Company guided Q4 realisation to be lower by Rs 3,500/t. Globally steel prices increased by $40/t recently after production disruption on Vales dam collapse in Brazil, which led to increase in [see full report]

Australian miner Fortescue says two driverless trucks ... 
Fri 15th Feb 2019 09:42 GMT
Australian iron ore miner Fortescue said on Friday that one of its driverless trucks, travelling at low speed, ran into another that was parked at its remote Western Australian operations in an incident earlier this week. Fortescue is retrofitting 100 huge mining trucks with autonomous haulage systems (AHS) at its remote Chichester hub, aiming to more than double its self-driving fleet. This was not the result of any failure of the autonomous system, Fortescue Chief Executive Elizabeth Gaines said in [see full report]

Nickel, iron ore, steel lead rally as metals gather steam ... 
Thu 14th Feb 2019 19:35 GMT
Steel prices are rising along with relevant commodities such as iron ore for the past two-three months because of reports of Chinas crackdown on polluting mills and Brazils mine accident. Since [see full report]


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SELECTED STEEL INDUSTRY MAPS


Map of European SBQ plants
European SBQ 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