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Global steel cost summary

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13 December 2017

Global steel cost summary

Report summary

Unlike 2015 and the first half of 2016, where sagging demand was coupled with too much supply, 2017 marked an extraordinary year for steel producers. In China, the closure of induction-furnace capacities along with stronger-than-expected demand, particularly from the construction sector, provided a much needed support to prices. Soaring raw materials costs, most notably during the first half of the year, added a ‘cost push’, further strengthening prices. 2017 saw the average cost for finished steel increasing by approximately 21%. After five consecutive years of either cost stagnation or relief for producers, higher prices for iron ore, coal and scrap took their toll on steelmakers’ costs.

Table of contents

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

Tables and charts

This report includes 10 images and tables including:

  • Global finished steel cash cost trend
  • 2017 finished steel cost curve
  • 2017 cash negative costed production
  • 2017 weighted average operating margin and finished steel cash cost by country
  • Asia Pacific steel plant coverage
  • Americas steel plant coverage
  • EMEARC steel plant coverage
  • Raw materials price outlook
  • 2017 weighted average finished steel cash cost by country - BOF
  • 2017 weighted average finished steel cash cost by country - EAF

What's included

This report contains:

  • Document

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    XLS 879.50 KB

  • Document

    Global steel cost summary

    PDF 689.74 KB

  • Document

    Global steel cost summary

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