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2024 Capital Investments

Steel Industry Capex


2024 Steel Sector Capital Investments
CountryInvestorFacilityEquipmentCapacity ktCapex $m
AlgeriaTosyali HoldingsOran WorksDRI / EAF / CC / HRC20001500
ArgentinaTenarisCIC SteelworksEAF861.65100
BrazilSimecPinda plantMini-mill expansion500300
CanadaAlgomaSault Sainte MarieEAF3356557
CanadaA-M DofascoHamiltonDRI25001434
ChinaFujian Baotai StainlessFuzhouCRM - stainless1100775
ColombiaTenarisTuboCaribeInduction heater22<1
EgyptAir LiquideAin SokhnaAir separation unit77080
FinlandKuusakoski OyVeitsiluotoScrap processing plant15027
FranceArcelorMittalFos-sur-Mer340t twin LFn/a80
FranceArcelorMittalMardyckElectrical steel200330
GermanyArcelorMittalDuisburgLadle furnacen/a13
GermanyArcelorMittalEisenhuttenstadtElectrolyzer2 MW6
GermanyMax AicherStahlwerk AnnahutteReheat furnace (WBF)24022
GermanySalzgitterFlachstahl WorksBlast furnace reline2000117
GermanySalzgitterFlachstahl WorksShreddern/a32.7
GermanyTata SteelFeijen SSCDecoiling linen/a22
IndiaFero Alloys CorporationFACOR WorksSubmerged arc furnace30087.52
IndiaJSLJajpur and HisarSolar power4228
IndiaKIOCL LimitedMangaloreCoke ovens180111
IndiaNMDCNagarnagarPellet plant200027
IndiaTata SteelPunjab locationEAF / CC / Bar750327
IndiaTinplate Co of IndiaJamshedpurTin plate line300243
IndiaTitagarh Rail/RamkrishnaNot disclosedRailway wheels200134
NetherlandsVan MerksteijnEemshavenRod mill580337
PeruAceros ArequipaPiscoBar mill30075
PhilippinesReal Steel CorpPampangaSolar power16.818
PolandArcelorMittalKrakow WorksBatch annealingn/a13
PolandCognorSiemianowice Light section mill450100
RomaniaBeltrameBeltrameEAF / CC / Bar600354
RomaniaBeltrameBeltrameSolar power110 MW105
RussiaMetalloinvestMikhailovsky GOKDRI2080539
TurkeyCelik HalatKartepe Wire rope12.43.3
TurkeyCinar BoruCinar CelikPickling line [flat]30022
TurkeyErdemir GroupCemisgezekSolar power310189
TurkeyFilyos Demir CelikCaycumaEAF / CC / Stainless1000n/a
TurkeyHabasAliagaBar mill150063
TurkeyHascelikOsmaneliEAF / CC / Stainless slab250212
TurkeyIcdasCannakaleHSM5000998
TurkeyIzmir Demir CelikAliagaSolar power2.06 MW2
TurkeyKaptan Demir CelikMarmara EreğlisiSolar power74.3
TurkeyNoksel Celik BoruOsmaniyeERW welded tube20025
TurkeyNoksel Celik BoruOsmaniyeSolar power326
TurkeyOyakErdemir Madencilik Pellet plant3000550
TurkeyTezcan GalvanisDikiliSolar power5032
TurkeyTosyali Demir CelikIskenderun WorksRod mill90053
TurkeyTosyali ToyoOsmaniyeCRM - tandem650185
TurkeyTosyali-ToyoTosyali-ToyoTin plate line(s)325200
TurkeyTufan MetalurjiAdanaEAF / CC24418
TurkeyYesilyurt Demir Celik SamsunSolar power10034
USAHighbarOsceolaMicro mill544550
USANucor CrawfordsvilleGI & PPGI plants270290
USANucorKingmanEAF melt shop544100
USANucorLexingtonMicro mill390.01350
USATerniumShreveportOrganic coating line12098
USAUS SteelBig River SteelHDG295280
UzbekistanUMPBekabadEAF/thin slab/HRC1000770
VietnamHoa Phat Group Hoa Phat Dung Quat 2BOF / CC / +++56003670
CIC in Argentina (Tenaris investment) denotes Campana Industrial Center.
ArcelorMittal Dofasco envisage later investment in a 2.4 mt EAF plant in Hamilton.
New Mardyck plant in France will be for production of electrical steels for EV electric motors in particular.
India's KIOCL was formerly known as the Kudremukh Iron Ore Company Limited.
Environmental impact assessment for Turkey's Habas bar mill was scheduled for early 2022.
Oyak pellet plant investment will increase Erdemir Group self-sufficiency to ~80-85%.



All investment and modernisation projects above are scheduled for commissioning in year 2024. Capacity data is expressed in metric tonnes.

MCI maintains a database of over 1200 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 and so on. Email info@steelonthenet.com or call +44 775 149 0885 for further information.






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