Country Report

Global steel cost summary

27 November 2018

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27 November 2018

Global steel cost summary

Report summary

2018 marked another extraordinary year for steel producers. Almost everywhere, margins have returned to pre-GFC levels with underlying demand drivers undeniably robust. Supply-side reforms in China, protectionism in the US and growing investment in infrastructure and housing construction in India contributed to make less than 1% of our costed assets cash negative in 2018. For the second consecutive year, steel prices have grown faster than costs which further strengthened steelmakers' margins.

Executive summary
Location maps
- Asia Pacific
- Americas
- EMEARC
Production
- Sinter
- Coke
- Pellet
- Iron production
- Crude steel production
Costs
- Raw materials pricing
  - Average country costs
  - BOF cash costs
  - EAF cash costs
  - Outlook for cash costs
Margins