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Global steel cost summary

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18 December 2019

Global steel cost summary

Report summary

2019 was a mixed and volatile year for raw materials prices and, consequently, steel making costs. For the year as a whole, iron ore prices will be up 33%, hard-coking coal prices down 12%, and scrap prices up in China but down elsewhere. The overall result is the global average cash cost for finished steel decreasing by 1.1% in 2019. Margins are also set to record the first year-on-year decrease since 2016 as anaemic demand worldwide took its toll on prices, which deteriorated faster than costs.

Table of contents

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

Tables and charts

This report includes 8 images and tables including:

  • Asia Pacific steel plant coverage
  • Americas steel plant coverage
  • EMEARC steel plant coverage
  • Raw materials price outlook
  • 2019 weighted average finished steel cash cost by country - BOF
  • 2019 weighted average finished steel cash cost by country - EAF
  • 2019 cash negative costed production
  • 2019 weighted average operating margin and finished steel cash cost by country

What's included

This report contains:

  • Document

    global_steel_cost_summary.xls

    XLS 834.00 KB

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    Global steel cost summary

    PDF 1.44 MB

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    Global steel cost summary

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