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

Primetals Technologies develops break-through technology ... 
Wed 26th Jun 2019 01:00 GMT
Primetals Technologies has developed the worlds first direct reduction process for iron ore concentrates from ore beneficiation not requiring any preprocessing like sintering or pelletizing. Primetals can resort to the comprehensive experience from the earlier Finmet development and plant installations. The new technology can be applied to all types of beneficiated ore and particle sizes of 100% smaller than 0.15 mm. As primary reduction agent, the new process uses H2 from renewable [see full report]

MCX Nickel under fresh buying; Support seen at 885.4 
Wed 26th Jun 2019 00:21 GMT
China's top steelmaking city of Tangshan ordered steel mills across the region to deepen production cuts until the end of July, as the city came under fire from central authorities for [see full report]

China steel rises for fifth day, but iron ore retreats 
Tue 25th Jun 2019 16:22 GMT
Their removal, however, will depend on air quality conditions at the time, according to the local government-backed Tangshan Labour Daily. Some customers and traders are saying the (steel) [see full report]

Russia: Kosaya Gora Works not to pay dividends for 2018 
Tue 25th Jun 2019 10:51 GMT
Kosaya Gora Iron and Steel Works has held a meeting of shareholders. One of the issues of the June 24 meeting was the dividend payment for 2018. The shareholders decided not to pay dividends, and to spend the profit on the development of the company. [see full report]

Russia: ChEMK employees wages to be increased 
Tue 25th Jun 2019 10:51 GMT
Chelyabinsk Electrometallurgical Works decided to finally increase wages. On May 16, the employees made a strike declaring that in 5 years their wages had decreased by a quarter. After the strike they met the company director, but to no avail. According to the new orders, from June 1 the wages at the company [see full report]

Rising Iron Ore Prices Push Some Chinese Steel Mills ... 
Tue 25th Jun 2019 08:31 GMT
Need buying strategies for steel Request your two-month free trial of MetalMiners Outlook Iron ore prices surged to their highest level in five years on the back of mine closures in Brazil [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 USA zinc coating lines
USA zinc coating lines

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 2020

Table below shows global crude steel output volumes and capacity figures - as assessed by World Steel Association and by the OECD to 2020 - and resulting calculation of steelmaking capacity utilisation. The overall picture for 2020 as compared to 2019 is that of a very small increase in global capacity utilisation at crude steel level, from 79.7% to 79.8%.


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
1689
2245
75.2%
2018
1819
2291
79.4%
2019
1838
2306
79.7%
2020
1852
2322
79.8%
Source: MCI analysis. Table last updated 26-Apr-19.



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