Steel industry 2023 investments.

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Steel Industry Capital Investments.

Modernisation & capacity expansion projects 2023


CountryInvestorFacilityEquipmentCapacity ktCapex $m
ArgentinaArcelorMittalAcindarWind power76.5 MW140
AustriaVoestAlpineLinzPickling line [flat]2000214
BelgiumArcelorMittalGhentDesulphurisationn/an/a
ChinaBaowuZhanjiang WorksEAF1000299
ChinaJiangsu Xingda Steel Cord CoXingda WorksSteel cord350568
USANucorNucor Steel GallatinStructural sections226164
USANucorNot disclosedMicro mill390350
USAUS SteelBig River, ArkansasElectrical steel180450
USAUS SteelGary WorksPig iron caster45060
VietnamKyoei Steel Vietnam Italy SteelBar mill50080
ArcelorMittal Acindar wind farm will use 17 Vestas V150 turbines of 4.5 MW capacity each.
New Baowu EAF at Zhanjiang is to be a zero-carbon hydrogen shaft furnace.
New US Steel production plant in Arkansas will produce non-grain oriented electrical steel.
Expansion of pig iron output at US Steel Gary Works is to provide EAF iron unit feedstock.

Number of capital investment records shown: 10
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All investment and modernisation projects above are scheduled for commissioning in year 2023. Capacity data is expressed in metric tonnes.

MCI holds a database of over 1050 steel industry modernisation projects. This database contains individual modernisation records identifying the country, investor, facility, capacity impact, capital cost, capex cost per tonne, commissioning date etc. Please email info@steelonthenet.com or call +44 775 149 0885 for further information.






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