World cost curve - steel bar - 2011.
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World cost curve - steel bar - 2011

A cost curve is shown of MCI's steel bar ex-works production cost estimates for all major world steelmakers with bar mill capacity of over ~40 kt/year. Approx 180 steel plants from around the world are included in the analysis.

The world's lowest cost bar producer is assessed as Puerto Ordaz in Venezuela [Sidor Group] with an ex-works bar production cost of ~$390/tonne.

At the other end of the scale lies the Osnabruck facility in Germany [Georgsmarienhutte works, estimated production cost of ~$1000/t], with the SeAH BeSteel facility at Kunsan, South Korea in second place [estimated cost of ~$940/t].

world cost curve steel bar

For further information (or to purchase an update of this chart) please contact Metals Consulting International Limited [MCI], email us at, or call us on +44 775 149 0885.

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