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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


red hot slab

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]

Former 'Steel City' to become a Beijing landmark by 2021 
Thu 14th Feb 2019 17:18 GMT
The Park is located along both sides of the western extension of the Chang'an Avenue and will span Shijingshan district, Fengtai district, and Mentougou district, as well as the old plant of [see full report]

US-China trade war having no effect on China steel, amid ... 
Thu 14th Feb 2019 07:03 GMT
Not only are we paying more for steel to build manufacturing facilities, but the US is also using quotas on certain countries, such as South Korea, Argentina and Brazil, said Brzytwa, who [see full report]

CEO confident of iron ore tailings technology at Minas ... 
Thu 14th Feb 2019 03:35 GMT
He said Post the Samarco event, the permitting climate operates its Feijao iron ore mine which, in turn, is part of the Paraopeba complex. The complex produced 26.2 million tonnes [see full report]

Beijing unveils plan to transform vacated Steel City 
Thu 14th Feb 2019 02:57 GMT
The new area, on the basis of the Shougang Park, a former steel plant relocated to neighboring Hebei Province in 2010, covers an area of 22.3 square km, according to the plan released Wednesday by [see full report]


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SELECTED STEEL INDUSTRY MAPS


Map of world coke plants
world coke 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