Capex cost summary data - selected plant and equipment.
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Steel Industry Capital Investments Cost Examples

Summary capex costs - selected examples


Electric arc furnace investment cost summary
ParameterValue
Average capacity1170 kt
Average cost 2018US $ 154 million
Average cost per tonne capacityUS $ 143 / tonne

EAF shop capital investment cost figures compiled by Metals Consulting International, based on investments by NISCO at Mobarakeh Steel, Iran; at the Ashinsky steel Works in Russia, etc. Note that cost per tonne estimates work out significantly higher for small-size EAFs. For further information see electric arc furnace investment costs page.


Billet and bloom caster investment cost summary
ParameterValue
Average capacity910 kt
Average cost 2018US $ 77 million
Average cost per tonne capacityUS $ 85 / tonne

Continuous caster capital investment cost figures compiled based on investments at Ezz Steel, Egypt; SAIL in Durgapur, India; Kobe Steel at Kobe Works, Japan; and other recent modernisations. For further information see billet and bloom caster investment costs page.


Slab caster investment cost summary
ParameterValue
Average capacity1400 kt
Average cost 2018US $ 154 million
Average cost per tonne capacityUS $ 110 / tonne

Slab caster capital investment cost figures compiled based on investments at Gerdau, Ouro Branco, Brazil; Panzhihua Iron and Steel in China; Amurmetal at Komsomolsk in Russia; and other recent modernisations. For further information see slab caster investment costs page.


Hot strip mill investment cost summary
ParameterValue
Average capacity2930 kt
Average cost 2018US $ 506 million
Average cost per tonne capacityUS $ 187 / tonne

Hot strip mill capital investment cost figures compiled based on investments at Shougang Group at Qian-an Works in China; JSW Steel at Karnataka in India; Arcelor Mittal at Krakow Steelworks in Poland; Borcelik at Gemlik Works in Turkey; and other recent modernisations. Figures shown above refer to tandem hot strip mills, not Steckel mill, plate mills or other production units. For further information see hot strip mill investment costs page.


Bar rolling mill investment cost summary
ParameterValue
Average capacity500 kt
Average cost 2018US $ 88 million
Average cost per tonne capacityUS $ 165 / tonne

Bar mill capex cost figures compiled based on investments by Sidenor at Stomana in Bulgaria; Suez Steel in Egypt; by Foulad Sazan at the Amirabad Works in Iran; and other recent modernisations. Figures shown above refer to bar rolling mills including rebar production plants. For further information see bar mill investment costs page.


Heavy section and rail mill investment cost summary
ParameterValue
Average capacity920 kt
Average cost 2018US $ 485 million
Average cost per tonne capacityUS $ 515 / tonne

Heavy section and rail mill capital investment cost figures compiled based on investments by ArcelorMittal at Contrecoeur Works in Canada; by Hebei Jinxi at Qianxi Works in China; and other recent modernisations. Figures shown above refer to heavy section and rail mills producing H-beams, I-beams and girders, and standard 12m-18m rail. For further information see heavy section and rail mill investment costs page.


Welded tube and pipe mill investment cost summary
ParameterValue
Average capacity290 kt
Average cost 2018US $ 120 million
Average cost per tonne capacityUS $ 385 / tonne

Welded tube mill capex cost figures compiled by Metals Consulting International, based on investments by IPSCO at the Regina Works in Canada; by Yalian Steel Pipe at Yalian in China; by the Essar Group at the Hazira Pipe Mill in India; and other recent modernisations. Figures shown above refer to a broad mix of pipe and tube plants including ordinary welded pipe for construction, scaffolding and furniture-building; linepipe, OCTG pipe, high pressure tube; and mechanical pipe. For further information see welded tube mill investment costs page.





MCI capital cost database holds capex cost data for following production units and processes. Front end: sinter, coke making, DRI, blast furnaces, BOF, EAF, induction furnaces, continuous casting. Flat: plate, hot rolled coil, cold rolled coil, hot dip galvanised sheet, tinplate, organic coated sheet. Long: heavy sections, rail, steel bar, rod, wire. Also welded pipe, seamless tube. Also pellet plant, coal washing plant, lime plant, PCI, pig iron desulphurization. Dbase also includes BF relines, ladle furnaces, vacuum degassing, air separation units, power plants, slitting lines, pickling plant, waste water treatment plant, acid regeneration plants.

Further detail is available for purchase from MCI. This includes cost versus capacity charts priced at $100 each and individual capex cost records priced at $20 each. For enquiries please contact support@steelonthenet.com or call +44 775-149-0885. For further information about our database, see steel industry capital investment costs page.