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Steel Industry Capex Projects 2023

Capital Investments Data

2023 Analysis: Investment in 2023 emphasised sustainability with multiple renewable energy projects in Argentina and Turkey. Russia maintained diverse infrastructure development with coke ovens, air separation and specialty steel capacity. UK invested across scrap processing and service centres. USA focused on EAF-based capacity and electrical steel production. Notable green steel initiatives included Angola's first pig iron plant and hydrogen-based DRI in China.

33
Projects Shown
19
Countries
6 Renewable
2 EAF, 2 Coke, 2 Pellet
Project Categories: Melting/Raw Materials Rolling Mills Coating/Finishing
2023 Capital Investment Projects [Selected Projects]
Country ↕ Company ↕ Location ↕ Project ↕ Description
AngolaCompanhia Siderúrgica do CuchiUnknownBlast FurnaceAngola's first green pig iron plant
ArgentinaAluarPuerto MadrinWind PowerInvestment in 18 turbines of 4.5MW capacity each
ArgentinaArcelorMittalAcindarWind PowerInvestment in 17 Vestas V150 turbines of 4.5MW capacity each
ArgentinaTenarisAdolfo Gonzales ChavesWind Power24 x 4.2-MW wind turbines. Will power half of Siderca's needs
AustriaVoestAlpineLinzPickling LineFully automated 2 million tpy pickling incl acid regeneration line
BoliviaAceros ArequipaLatin American Industrial ParkWelded Tube - ERWThree ERW lines with capacity of 60,000 tpy, and a 10,000 m² warehouse
BrazilSinobrasSinobrasBar MillNew bar and rod mill. Sinobras also known as Siderurgica Norte Brasil
ChinaBaowuZhanjiang WorksDRINew H2 shaft furnace for DRI production. Investment will drop CO2 emissions by 500kt/yr
ChinaHunan ValinXiangtanRod MillSubsidiary Valin Xiangtan Iron and Steel to build new high-speed wire rod rolling production line
ChinaTsingshan HoldingsFu'an QuingtuoHSM - Stainless1780mm hot strip mill for stainless steel
EgyptEzz SteelSuez PlantEAFThis is a 2nd melt shop. The new project costs nearly EGP 3bn
IndiaArcelorMittal / Nippon SteelVisakhapatnamPellet PlantCapex to expand the production capacity of pellet plant from 8mt to 11mt/yr
IndiaJSW SteelPalwamaOrganic Coating LineJSW Steel's first plant in the region
IndiaSAILRourkela Steel PlantCoke OvensNew coke battery #7 with by-product plant. 42 months implementation
IndonesiaNanjing I&S jvMorowaliCoke OvensJV with Tsingshan Holding Group, Shanghai Decent Investment Group and others
ItalyDufercoTravi e ProfilatiH/S and RailPower supply of the new rolling mill will be completely covered by renewable energy
MexicoKlocknerO'Donnell Phase VSSCThis is Kloeckner Metals Corporation's second steel service centre (SSC) in Mexico
MoldovaOmniSteelOmniSteelIF/CC/Bar Mill12,000m² site for production of IF-based reinforced steel of 8-32mm
OmanVulcan PelletisingSoharPellet PlantGrate kiln pellet plant to supply Jindal Shadeed
RomaniaLiberty SteelLiberty Tubular ProductsPipe Epoxy CoatingNew pipe coating line provides washing, drying, sandblasting, inspection different coating types
RussiaMagnitogorsk I&S WorksMagnitogorskAir Separation Unit60k m³ of O2 and 60k m³ gaseous N2 as well as 2km³ of argon per hour
RussiaMagnitogorsk I&S WorksMagnitogorskCoke OvensCoke oven battery No. 12. Capex cost revised in mid-2022 to $1230m
RussiaTMK / CHeMK jvRNK WorksEAF/CC/HSMStainless plant. RNK will be owned in equal shares by TMK's Volzhsky Pipe Plant and CHeMK
TurkeyCemtasCemtas WorksSolar PowerPlanning permits awaited. Plan to be operational in Q3 2023
TurkeyTosyali HoldingsTosyali ToyoSolar PowerCapacity of 19.2MWm (16.06MWe). Total area of 14.67 hectares
TurkeyTosyali HoldingsToscelikSolar PowerRooftop solar power plan 140MW capacity on 632m² area
United KingdomBritish SteelScunthorpe MillCasting - Billet/BloomNew billet cc will expand the semis range and improve their internal and surface quality
United KingdomBritish SteelSkinningroveSSCInvestment by Special Profile Division in new £26m SSC at Skinningrove, North Yorkshire
United KingdomS Norton GroupManchester PlantShredderGBP £20m to design, build and commission metals shredder facility at its Manchester site
USAArcelorMittal / Nippon SteelCalvertEAF/CC/SlabPlant for EAF + slab to be built at the 50-50 joint venture AM/NS Calvert site
USACMCMesa #2Micro Mill3rd CMC micromill; for rebar + MBQ. 500kt incl 150kt MBQ. Next to other Mesa mill
USAUS SteelBig River SteelElectrical SteelNew non-grain oriented electrical steel line at its recently acquired Big River facility, in Arkansas
VietnamKyoei SteelVietnam Italy SteelBar MillFor production of rebar, round bar and wire rod




See also: analysis of plant and equipment suppliers

MCI maintains a database of over 1300 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.