Great shot of a steel slab. Looks like this may have just come off the continuous caster, and is now ready for the reheat furnace and then rolling into hot rolled coil.
For further images see our steel photo gallery.
The steel team at Steelonthenet.com has today launched Steel News Digest, a free synopsis of the week’s steel industry news.
With worldwide coverage touching on steel, iron ore and other key raw materials – both from traditional media sources and from social networking sites – Steel News Digest will offer timely and valuable insights into the world of steel.
Check out Steel News Digest today. We can be found online 24/7 at http://digest.steelonthenet.com. Copies of the latest edition can also be sent (without charge) to subscribers.
Dr Andrzej M Kotas, Chief Executive, Steelonthenet.com
Our analysis of 2012 finished steel demand is that total world demand of 1413 million metric tonnes comprised consumption of ~644 mt flat products, ~660 mt long products and ~109 mt of tube. With respect to end use, some 39% of demand was accounted for by construction, with mechanical engineering and metal goods the two other dominant steel-consuming sectors [see chart].
For further analysis and information, visit our website’s steel consumption page.
As the European engineering steel sector languishes because of declining or (at best) stagnant automotive production volumes, many European producers of SBQ bar remain in difficulty because of poor capacity utilisation in their engineering steel bar mills. This matter was discussed in our recent European SBQ sector report.
We now read that – together with rising automotive production in Turkey – Kardemir in Turkey is investing in a new SBQ mar mill. This investment seems well targetted and well timed. What a shame that some of our larger European producers of engineering steels could not undertake a Turkish venture of this form?
For more about Kardemir, see SteelOrbis news report.
In order to offer site visitors a better user experience, we have just relaunched the Steelonthenet.com website in a so-called ‘responsive’ web design. The new design allows the website to be viewed on smart phones, tablets, laptops, PCs and TVs on screen sizes ranging from 240 pixels to well over 1920 pixels in width, with slightly different content delivered to users with different digital devices.
Why not visit http://www.steelonthenet.com on your preferred device, and watch the page width adapt to the screen size of your device?
We hope this redesign will make our website a little more user friendly – especially for site visitors with mobile phones and tablet devices.
We came across a novel method for valuing steel companies this week. According to Steel Guru, steel plants such as Corus Ijmuiden may be valued at $500 – $600 per tonne of capacity. Thus, the Corus Ijmuiden plant in the Netherlands – which has some 7.4 million tonnes of crude steel capacity – is valued at ~$4 billion. These valuations assume debt-free sale of the businesses.
For full article visit SteelGuru.
According to a MEPS report published today, global stainless steel output hit a new high in 2012. Worldwide crude stainless steel production in 2012 is estimated to have reached 34.6 million metric tonnes. This is ~2.6 percent higher than global stainless steel production in 2011.
For full MEPS report, visit http://www.meps.co.uk/editorial113.htm
We have published charts showing historic steel price spreads for flat and long products on our website.
For long products, these charts show the historic price differentials between scrap and billet, billet and rebar, scrap and rebar – which are useful as a double check if you are looking at the feasibility study for a billet mill or a rebar plant, for example.
For flat steel products, the charts show historic pricing differences between slab and hot rolled coil, and hot and cold rolled coil. These margins provide a useful double check if you are investing in a hot strip mill or tandem cold rolling mill, for example.
To see the charts, visit our steel price spreads page.
Steel consultants MCI have prepared a map showing the locations of ~175 steel industry investments that are expected over the period 2012-2016. See chart below.
The map illustrates several points.
See here for original copy of the steel capex geography chart shown above.