Capital Investments Data
2022 Analysis: Investment in 2022 showed resilience with major capacity expansions despite global uncertainties. Russia led with blast furnace upgrades, coating lines and rod mills at Severstal and NLMK. Turkey invested in raw materials infrastructure with coke ovens and sinter plants at Erdemir. USA focused on advanced technologies including Nucor's plate mill and US Steel's endless casting-rolling facility. Notable diversification into Asia with Philippines' integrated scrap-based plant.
| Country | Company | Location | Project | Description |
|---|---|---|---|---|
| China | Jinding Steel | Handan City Works | Heavy Section and Rail Mill | Construction plan envisages two H-beam plants including reheating furnaces, cooling beds, straighteners |
| Philippines | Steel Asia Manufacturing | Lemery | EAF/CC/Sections | Scrap-based integrated plant making sections. Original start up was planned for 2021 |
| Russia | Severstal | Cherepovets | Blast Furnace | Construction of new BF#3, 28bn roubles investment over 4 years |
| Russia | NLMK | Novolipetsk | HDG | Quality HDG steel for construction, automotive, white goods industries |
| Russia | Severstal | Cherepovets | Rod Mill | Investment includes reheat furnace, descaling unit, rolling stands, Stelmor air cooling line, Garret winder line |
| Turkey | Erdemir Group | Ereğli Works | Coke Ovens | Construction of the 4th Coke Battery and modernisation of the Secondary Product Facilities |
| Turkey | Erdemir Group | Ereğli Works | Sinter Plant | New sinter plant costing approximately US$198m to be commissioned in June 2022 |
| USA | Nucor | Brandenburg | EAF/CC/Plate Mill | Will produce cut-to-length, coiled, heat-treated & discrete plate 60–160" wide, in gauges from 3/16" to 14" |
| USA | US Steel | Mon Valley, Clairton, PA | Endless Casting Rolling HRC | Endless casting-rolling plant will produce high-quality, ultra-thin strip |
Source: MCI research. Data as of 2022.
See also: analysis of plant and equipment suppliers
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