Following the 2009 global steel demand fell 7% in 2010 gradually restore the economic downturn after another restart idle production capacity of steel capacity utilization also will last less than 50% recovery from the current 80%. The global economic downturn last year and some new projects to be shelved, and this year is expected to restart. There are indications that 2010 will have more money to invest in steel production capacity expansion projects.

Europe and America

Although European and U.S. steel demand is still weak, but by double digit growth expected this year, driven by demand, major steel mills are still investment expansion. The world’s largest steel maker Arcelor Mittal is planning to increase capital spending this year by 43% to 40 billion. The company recently it plans to restart the three blast furnaces in Europe to meet the increased demand and other blast furnace to make up for lost production caused by planned maintenance. As the second half of last year, driving increased demand for additional inventory, 3 4 quarter of 2009, ArcelorMittal has restarted the six blast furnaces in Europe and the United States, three blast furnaces. In addition, the Polish company will begin a new round of investment in transformation, although Poland is still optimistic about the prospects this year, steel demand, is expected to increase only about 10%.

United States Steel Corporation (USS) is considering a range of investment increased coke production capacity to meet the demand for steel throughout, and also reduce the impact of higher prices and dependence on third party suppliers. ThyssenKrupp in the United States and Brazil are still the two new steel production in 2010. In the United States and Europe business, Severstal steel plant also plans to increase capital spending 40%, reaching 1.4 billion U.S. dollars. The company has planned to increase capital expenditures, as market sentiment has improved. Citigroup said that Severstal will spend about 800 million U.S. dollars to expand production capacity, of which 50% is expected to be spent on Russian projects, especially construction and production projects, and another 25% spent on projects in North America. Severstal will be built this year in April an annual capacity of 1 million tons steel plant, is expected to invest 200 million U.S. dollars.

Asia

Sharp increase in steel demand in Asia, to promote continued investment to expand steel production capacity, especially in India and Southeast Asia. Steel Authority of India’s three main businesses, the National Mining Development Corporation (NMDC) and Farm Inc. (RINL) 2010 2011 171 640 000 000 Total annual capital expenditure of Rs. SAIL’s expenditure of which Rs 122.54 billion, mainly for large scale expansion project. SAIL currently carried out by an expansion project completed in 2012, from 14 million tons annual production capacity increased to 23.46 million tons, is expected to invest 700 billion rupees (140 million). Phase II expansion plans to invest 100 billion rupees, to increase annual capacity by 2014 to about 26.18 million tons. RINL plans to double steel production capacity to 620 million tons, estimated to invest about 120 billion rupees. India’s largest iron ore supplier NMDC will spend about 6.11 billion rupees for expansion and diversification plans.

NMDC in Chhattisgarh build an annual capacity of 3 million tons steel plant, and is working with Tata Steel, ArcelorMittal and other steel mills to discuss cooperation. Pusho steel industry plans to spend 280 billion rupees (6.1 billion U.S. dollars) in the southern Indian state of Karnataka (Karnataka), a new car mill, designed annual capacity of about 600,000 tons.International steel mills also have to invest and build factories in India. Steel company Arcelor Mittal steel project in India officially moved from the Khunti Gumla Jharkhand Bokaro district, the project is expected to invest about 500 billion rupees. POSCO plans to invest 240 million U.S. dollars in the Indian automotive steel sheet plant construction is expected to invest 240 million U.S. dollars, an annual capacity of 450,000 tons, production in 2012. Nippon Steel will invest 35 billion yen (3.88 billion dollars), a joint venture with Tata Steel in the local construction of automotive steel joint venture, expected annual capacity of 600,000 tons, in March 2013 production.

In addition, steel demand growth in Southeast Asia is also of concern. Kobe Steel intends to invest 1 billion U.S. dollars in Vietnam to build steel billet plant, investing one billion U.S. dollars, the first phase of the design capacity of 500,000 tons, the second phase will increase production capacity to 1 million tons. POSCO is likely to last year’s acquisition of the Vietnam plant additional 200 million U.S. dollars investment to expand stainless steel production capacity, its annual production capacity is expected to increase from the current 85,000 tons to 200,000 tons. Including ArcelorMittal, including several large enterprises in 2010 to invest in factories in Indonesia, the Indonesian state owned Krakatau and Pohang Iron and Steel Company have jointly set up factories.

China Taiwan China Steel Group in the long steel expansion project smoothly 2, 5 BF has officially ignition, two expansion is completed, the Group’s steel production capacity of steel to upgrade to 2000 tons. Meanwhile, demand growth will pull Asian market, Japan, South Korea, exports of steel, crude steel production of rapid recovery, despite the sluggish local demand for steel. Nippon Steel of Japan is expected to large steel companies such as crude steel production in 2010 up to 10% 20% growth, total crude steel production will be more than 100 million tons, crude steel output last year, only 87.53 million tons in Japan, for the 40 year low.

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