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2023 Capital Investments

Steel Industry Capex


2023 Steel Sector Capital Investments
CountryInvestorFacilityEquipmentCapacity ktCapex $m
ArgentinaArcelorMittalAcindarWind power76.5 MW140
AustriaVoestAlpineLinzPickling line [flat]2000214
BelgiumArcelorMittalGhentDesulphurisationn/an/a
BoliviaAceros Arequipa Lat Am Indust Park iERW pipe6020
BrazilSinobrasSinobrasBar mill500203
ChinaBaowuZhanjiang WorksEAF1000299
ChinaHunan ValinXiangtanRod mill60099
ChinaJiangsu Xingda Steel Cord CoXingda WorksSteel cord350568
ChinaTsingshan HoldingsFu'an QuingtuoStainless HSM3000628
EgyptEzz SteelSuez PlantEAF1500191
IndiaArcelorMittal/Nippon SteelVisakhapatnamPellet plant+3000129
IndiaJSW SteelPalwamaOrganic coating12020
IndonesiaNanjing joint ventureMorowaliCoke ovens2600383
ItalyDufercoTravi e ProfilatiH/S and rail1500202
MoldovaOmniSteelOmniSteelIF / CC / Rebar15016
OmanVulcan PelletisingSohar WorksPellet plant600034.98
PolandArcelorMittalDabrowa GorniczaReline of BF No.2 2400n/a
RussiaMagnitogorsk WorksMagnitogorsk I&SAir separation unitn/a254
RussiaMagnitogorsk WorksMagnitogorsk I&SCoke ovens25001230
RussiaMetalloinvestOEMKBall grinding plant7324
RussiaNovorossiysk Rolling MillShakhty WorksRod mill600n/a
RussiaTMK / Chelyabinsk jvRNK WorksEAF / CC / HRC5001360
TurkeyAtakas CelikHatayFlat products+4001000
TurkeyCemtasCelik Makina SanayiSolar power21.4
TurkeyEkincilerIskenderunEAF shop / rebar+100025
TurkeyKardemir I&SKardokmakForging press205
TurkeyTosyali Demir CelikIskenderun Melt shop+19001000
TurkeyYukselen CelikKocaeliService center1007
UKBritish SteelSkinningroveSSCn/a35
UKTata SteelHartlepool Tube MillSlitting line2009
UkraineAzovstalMariupolBOF gas cleaningn/a180
USACMCMesaMicro mill453.5300
USANippon/ArcelorMittalCalvert EAF / slab1500775
USANucorNucor Steel GallatinStructural sections226164
USANucorNot disclosedMicro mill390350
USAUS SteelBig River, ArkansasElectrical steel180450
USAUS SteelGary WorksPig iron caster45060
VietnamKyoei Steel Vietnam Italy SteelBar mill50080
ArcelorMittal Acindar wind farm will use 17 Vestas V150 turbines of 4.5 MW capacity each.
New Baowu EAF at Zhanjiang is to be a zero-carbon hydrogen shaft furnace.
Nanjing coke plant jv is with Tsingshan Holding Group and others.
Duferco's Travi e Profilati beam mill in Italy to be powered by renewable energy.
Ball grinding plant at OEMK will produce steel grinding balls of 20mm, 40mm and 60mm diameter.
New US Steel production plant in Arkansas will produce non-grain oriented electrical steel.
Expansion of pig iron output at US Steel Gary Works is to provide EAF iron unit feedstock.



All investment and modernisation projects above are scheduled for commissioning in year 2023. Capacity data is expressed in metric tonnes.

MCI holds a database of over 1050 steel industry modernisation projects. This database contains individual modernisation records identifying the country, investor, facility, capacity impact, capital cost, capex cost per tonne, commissioning date etc. Please email info@steelonthenet.com or call +44 775 149 0885 for further information.






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