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11 Pages

Global steel supply summary

Global steel supply summary

Report summary

Unlike 2015, where sagging demand was coupled with too much supply, 2016 gave some hope to steel producers, particularly towards the end of the year. In China, stronger than expected manufacturing activity, accelerated capacity closures, soaring raw material costs and speculation have all led to a surge in steel prices that has had an impact worldwide. In fact, global steel producers' operating margins saw a renewed rise, as steel prices have grown faster than costs. After four consecutive years of cost reduction, higher prices (most remarkably in H2 2016) for iron ore and coal have halted the decline in costs. Finished steel costs will rise 9% in 2017 as the full impact of higher iron ore and coal prices is felt.

What's included?

This report includes 2 file(s)

  • Global steel supply summary PDF - 685.19 KB 11 Pages, 1 Tables, 9 Figures
  • steel cost summary and analysis.xls XLS - 851.00 KB


This Steel Supply Summary report details key producers, production levels, costs and margins for steel assets in this country. It also analyses industry trends and themes, giving insight into future cost direction.

Industry participants, advisers and financial institutions can use this report to understand key country data in order to identify operational efficiency and competitive drives, as well as identify acquisition opportunities.

Wood Mackenzie's cost methodology is the established global industry standard, relied on by the world’s leading investment banks and mining companies to make strategic, operational and investment decisions.

Our analysts are based in the markets they analyse, working with high-quality proprietary cost databases and cost curve analyses to create consistent and reliable analysis. Our database includes over 2,450 asset analyses covering more than 1,000 companies worldwide.

  • 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

In this report there are 10 tables or charts, including:

  • Executive summary
    • Weighted average finished steel operating cash costs
    • 2016 finished steel cost curve
  • Location maps
    • Asia Pacific steel plant coverage
    • Americas steel plant coverage
    • EMEARC steel plant coverage
  • Production
  • Costs
    • Raw materials price outlook
    • Weighted average finished steel production operating cash cost - BOF and OH plants 2016
    • Weighted average finished steel production operating cash cost - EAF plants 2016
  • Margins
    • Cash negative costed production 2016
    • 2016 weighted average plant operating margins - Finished steel
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