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Steel Industry Capex Projects 2024

Capital Investments Data

2024 Analysis: Investment in 2024 showcased global energy transition with hydrogen-ready infrastructure and renewable power projects across multiple regions. Turkey dominated with solar power installations and EAF capacity. Canada invested in major decarbonisation with hydrogen-ready DRI. Germany focused on green hydrogen electrolyzers. Multiple micro mill projects in USA reflected trend toward distributed, flexible steelmaking capacity.

35
Projects Shown
22
Countries
6 Solar/H2
6 EAF, 3 Micro Mills
Project Categories: Melting/Raw Materials Rolling Mills Coating/Finishing
2024 Capital Investment Projects [Selected Projects]
Country ↕ Company ↕ Location ↕ Project ↕ Description
AlgeriaTosyali HoldingsOran WorksDRI/EAF/CC/HRCCold rolling and galvanising to be commissioned in 2025
ArgentinaTenarisCampana Industrial CenterEAFNew EAF equipped with Consteel® and ABB ArcSave-based electromagnetic stirrer
BrazilSimecPinda PlantEAF/CC/BarCapacity expansion by Simec of Mexico from 500kt/yr to 1mt/yr
CanadaAlgoma Steel GroupAlgomaEAFNew EAFs to replace existing BOFs. 30m construction phase
CanadaArcelorMittal DofascoHamiltonDRIHydrogen-ready Energiron DRI unit. Associated 2.4mt EAF planned later
ChinaFujian Baotai StainlessFuzhouCRM - StainlessConstruction of the 1.1 million tonnes per year capacity facility in two phases
ColombiaTenarisTuboCaribeInduction HeaterElectric induction coil for upsetting line at seamless pipe factory in Cartagena
EgyptAir LiquideAin SokhnaAir Separation Unit$80m investment to supply EZZ and other local customers
FinlandKuusakoski OyVeitsiluotoScrap ProcessingKemi port connection links sea freight to rail and road transport
FranceArcelorMittalMardyckElectrical SteelElectrical steels for electric motors in general and for electric/hybrid vehicles
FranceArcelorMittalFos-sur-MerLadle Furnace340-tonne twin LF at the Fos-Sur-Mer site supplied by Sarralle
GermanyArcelorMittalEisenhuttenstadtElectrolyzer2MW electrolyser will produce hydrogen for direct use in steel production
GermanyArcelorMittalDuisburgLadle FurnaceWill reduce CO2 emissions by almost 60,000 tpy
GermanySalzgitterFlachstahl WorksBlast Furnace RelineBlast Furnace A restarted Jan 2024 following 100-day maintenance outage
IndiaFero Alloys CorporationFACOR WorksSubmerged Arc FurnaceProject includes two 75 MVA SAFs with preheating technology
IndiaTata SteelLudhianaMicro MillFirst MIDA QLP endless casting-rolling plant in India. 18 stands 8-40mm rebar
IndiaNMDCNagarnarPellet PlantTravelling grate kiln pellet plant
MexicoMinera AutlanNot DisclosedEAFEAF for ferroalloy production
NetherlandsVan MerksteijnEemshavenRod MillPlans originally put forward in 2018, but faced environmental objections
PeruAceros ArequipaPISCOBar MillBar mill to meet demand for longs from Peruvian and regional market
PhilippinesReal Steel CorpPampangaSolar PowerInvestment in a rooftop solar photovoltaic system
PolandArcelorMittalKrakow WorksBatch AnnealingConstruction of 9 H2 batch annealing furnaces at 1 million tpy cold rolling mill
PolandCognorSiemianowiceBar MillMill will produce bars, channels, I-sections. Replaces outdated smaller mill
RomaniaBeltrameBeltrameEAF/CC/BarEco-friendly rebar and wire rod mill incl 100MW photovoltaic solar park
RomaniaBeltrameBeltrameSolar PowerPhotovoltaic park with installed capacity of 100-120MW and energy storage system
RussiaMetalloinvestMikhailovsky GOKDRILargest HBI plant in world. Allows for conversion from natural gas to hydrogen
RussiaNLMKNovolipetskWaste Heat Recovery300MW waste heat recovery power plant running on by-product gases
TurkeyHascelikOsmaneliEAF/CC/Stainless SlabConsteel EAF with LF and twin degassers for production of specialty steel semis
TurkeyIcdasCannakaleHSMEIA commenced October 2022
TurkeyTosyali Demir CelikIskenderun WorksRod MillConstruction works might start in April 2023
USAHighbarOsceolaMicro Mill1st of two planned EAF rebar micro mills for the firm; 600 acre site; includes solar
USANucorKingmanEAF/CC/BilletNew melt shop for existing rebar and wire rod mill
USAUS SteelBig River SteelHDG325,000 short ton capacity galvanising line to be completed mid-2024
UzbekistanUzbekistan MetallurgicalBekabadEAF/Thin Slab/HRC120t EAF, twin-LF + vac degasser. QSP with vertical curved thin slab CC
VietnamHoa Phat GroupHoa Phat Dung Quat 2BOF/CC/+++284 hectare site will make 4.6mt HRC and 1 million tonnes of steel bars and wire




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.