Country Report

Global steel cost summary

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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.

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Table of contents

Tables and charts

This report includes 10 images and tables including:

Tables

  • 2017 cash negative costed production

Images

  • Global finished steel cash cost trend
  • 2017 finished steel cost curve
  • 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

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