World steel modernisation and investment in 2011

 

We have just published a page listing many [perhaps most] major steel industry capital investments around the world in 2011. Please visit http://www.steelonthenet.com/industry_investment.html to see the full list of facility modernisations.

Fee free to contact MCI@steelonthenet.com for similar data for 2012, 2013 or 2014.

 

blogger@steelonthenet.com

 

 

Steel prices to reach $1000 per tonne

According to a MEPS report published today, steel prices are headed toward $1000 per tonne. This would bring steel prices back to their levels of July 2008, which was the last steel pricing peak before the crash.

Driven by higher steelmaking input costs [including coking coal, iron ore as well as steel scrap], the current expectation is for world steel prices to reach $1000 per metric tonne by Q3 2011.

 

To read the MEPS report, visit http://www.meps.co.uk/MepsNewsSteelPrices2011.htm

 

blogger@steelonthenet.com

 

Steel price forecast for 2011

MEPS have just published their view of expected year 2011 steel price changes across Europe. After a 31% rise in the steel price index across 2010, the expectation is for a ‘double-digit’ percentage rise in EU steel prices in 2011.

For further information, see the MEPS report at http://www.meps.co.uk/keynote12-10.htm.

blogger@steelonthenet.com

World crude steel output forecast

MEPS have just published a medium term world crude steel production forecast. Please see table below. This shows year 2011 crude steel production at ~1.6 billion tonnes, which is some 28% up on 2006 world output. China alone accounts for 208 mt of this increase. The implication is that Chinese crude steel capacity is coming onstream at a rate close to one million tonnes a week ... Wow !

Crude Steel Production Forecast (millions tonnes)
Region	2006	2007	2011
W. Europe	235.1	242.3	263.0
Former USSR	119.8	125.3	153.0
NAFTA	131.5	133.3	135.5
South America	45.3	47.5	61.5
Africa/Middle East	34.0	34.9	49.0
China	422.1	492.5	630.0
Japan	116.2	119.7	122.0
Rest of Asia	136.3	145.8	177.0
Oceania	8.7	8.8	9.0
World	1249.2	1350.0	1600.0
Source: MEPS - Global Iron & Steel Production to 2011

For original MEPS report, visit http://www.meps.co.uk/global-production2011.htm

blogger@steelonthenet.com