Skip to main content

Steel industry news and business information.

This website is owned and operated by UK-based Metals Consulting International Ltd.
Our main business activity is steel industry capital investment appraisal.
You are here: www.steelonthenet.com >

STEEL INDUSTRY REPORTS

CORPORATE AND INDUSTRY NEWS


reinforcing bar

Stalprofil, Izostal consortium nears another pipe supply ... 
Fri 22nd Feb 2019 00:00 GMT
A consortium of Stalprofil and Izostal has been chosen as the preferred bidder in the tender to supply DN 1,000 pipe to Gaz-System for the construction of the third Pogorska Wola-Tworzen pipeline.The line length is 64km. The bid amounted to PLN 149.14 million ($39m). Delivery of the coated pipe is due to take [see full report]

Assofermet hopes for revision of safeguard measures 
Fri 22nd Feb 2019 00:00 GMT
The Italian distributor, service centre and traders association, Assofermet, is hopeful for the implementation of some changes to the EUs permanent safeguard measures for steel. Changes can be made to the measures during the first revision that the European Commission has programmed during the second quarter of 2019, Kallanish notes. In a special [see full report]

Daily iron ore deliveries leaving Chinese ports rebound ... 
Thu 21st Feb 2019 21:37 GMT
As steel mills in Tangshan began to purchase, the average daily iron ore deliveries departing Jingtang port rose substantially this week, reaching 340,000 mt. Chinese ports are expected to see [see full report]

Production cut by Vale to benefit Indian iron ore and ... 
Thu 21st Feb 2019 21:08 GMT
The recent revocation of the mining licence of Vale SA for the Brucutu mine in Brazil will be favourable for domestic iron ore miners and steel producers in the short term, believes India [see full report]

Brazil steelmaker CSN mulls sales of Usiminas shares ... 
Thu 21st Feb 2019 18:55 GMT
The company is close to sealing a $1 billion iron ore streaming contract, and plans to invest $1.5 billion this year and somewhat more next year, depending on its deleveraging plan, Steinbruch [see full report]

Fare thee well dear Comrade Callistus Dingiswayo Ndlovu 
Thu 21st Feb 2019 14:22 GMT
He insisted that I go to Zisco Steel and meet Dr Kuhn because he was looking for engineers in different departments at Zisco. An interview was conducted in the German language because Dr Kuhn was [see full report]


We also show stainless steel industry news and other specialty metal news reports.
To see all our latest news check out our other news pages.



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