The hottest global demand for steel is amplified,

The global demand for steel was amplified. Investment projects began to recover in 2010

global steel demand began to recover gradually in 2010 after declining by 7% in 2009. Idle capacity in the economic downturn was restarted one after another, and the utilization rate of steel capacity also recovered from less than 50% last year to nearly 80% at present. Since the global economic downturn last year and some new projects were stranded, it is expected to restart this year. There are signs that more funds will be invested in steel capacity expansion projects in 2010

Europe and the United States

although the current demand for steel in Europe and the United States is still weak, driven by the double-digit growth forecast of demand this year, major steel mills still have investment and expansion plans. ArcelorMittal, the world's largest steel producer, is planning to increase capital expenditure by 43% this year to $4billion. The company recently plans to restart three blast furnaces in Europe to meet the increased demand and make up for the production losses caused by the planned maintenance of other blast furnaces. With the increase in demand driven by inventory replenishment in the second half of last year, ArcelorMittal has restarted six blast furnaces in Europe and three in the United States in the quarter of 2009. In addition, its Polish company will still start a new round of investment and transformation, although the prospect of Polish steel demand this year is still not optimistic, and it is only expected to increase by about 10%. American Steel Company (USS) is considering a series of investments to increase coke production capacity to meet the needs of steel mills everywhere. In addition, it can also reduce the impact of price increases and dependence on third-party suppliers. ThyssenKrupp's new steel plants in the United States and Brazil are still scheduled to start production in 2010. Severol steel, which has operations in the United States and Europe, also plans to increase capital expenditure by 40% to $1.4 billion. The reason why the company plans to increase capital expenditure is that market confidence has improved. Citigroup said that severol would spend about US $800million to expand production capacity, of which 50% is expected to be spent on Russian projects, especially construction and production projects, and another 25% on projects in North America. The process between xiewell and others is very troublesome, and this is the process of users. They have to pay a certain amount of money to start the construction of a steel plant with an annual capacity of 1million tons in April this year, with an estimated investment of 200million US dollars

Asia

the sharp increase in steel demand in Asia has prompted steel mills to continue to invest in expanding production capacity, especially in India and Southeast Asia. The annual capital expenditure of India's three major enterprises, the iron and steel authority, the National Mining Development Corporation (NMDC) and rashtria ispatignam (rinl) totaled 171.64 billion rupees. The expenditure of sail is 122.54 billion rupees, which is mainly used for large-scale expansion projects. The first phase expansion of sail's biosuccinium butyric acid bio based chemical monomer line currently displayed at the reverdia booth is planned to be completed in 2012. After completion, the annual production capacity will be increased from 14million tons to 23.46 million tons, with an estimated investment of 700billion rupees (14billion US dollars). The second phase expansion plan is to invest 100billion rupees, and the annual production capacity will be increased to about 26.18 million tons by 2014. Rinl plans to double the annual steel production capacity to about 6.2 million tons, with an estimated investment of about 120 billion rupees. NMDC, India's largest iron ore supplier, will spend about 6.11 billion rupees for expansion and diversified business plans. NMDC will build a steel plant with a capacity of 3million tons a year in Chhattisgarh, and is discussing cooperation with Tata Steel, ArcelorMittal and other steel manufacturers. Pushaw steel industry company plans to spend 280billion rupees (US $6.1 billion) to build a new automobile plate plant in Karnataka, southern India, with a design annual capacity of about 600000 tons

large international steel mills have also invested in India. The Indian steel plant project of ArcelorMittal Steel Co., Ltd. was officially moved from khunti gumla, Jharkhand to pocaro region, and the project is expected to invest about 500 billion rupees. POSCO plans to invest US $240million to build a galvanized steel sheet plant for automobiles in India. It is expected to invest US $240million, with an annual capacity of 450000 tons and put into operation in 2012. Nippon Steel will invest 35billion yen (388million US dollars) to establish a joint venture with Tata Steel to build an automobile steel plate joint venture locally, with an estimated annual capacity of 600000 tons, which will be put into operation in March 2013

in addition, the growth of steel demand in Southeast Asia is also noteworthy. Kobe Steel plans to invest US $1billion to build a billet plant in Vietnam, with an investment of US $1billion. The design capacity of the first phase is 500000 tons, and the capacity will be increased to 1million tons after the construction of the second phase. POSCO is likely to invest an additional US $200million in the Vietnam plant it acquired last year to expand its stainless steel production capacity, which is expected to increase from the current 85000 tons to 200000 tons. Several large-scale enterprises, including ArcelorMittal, will invest in Indonesia in 2010 after the samples are broken or damaged. Posco and the Indonesian state-run karakato steel company have jointly built plants. The second phase expansion project of zhonglong iron and Steel Company of Sinosteel group in Taiwan, China is progressing smoothly, and the No. 5 blast furnace has been officially ignited. After the completion of the second phase expansion, the steel production capacity of Sinosteel group will be increased to more than 20million tons. At the same time, Asian market demand growth will focus on breakthroughs in material properties and composition control, production, processing, utilization and other technology, which will drive the increase of steel exports from Japan, South Korea and other countries, and crude steel production will recover rapidly, despite the sluggish local steel demand. It is estimated that the crude steel output of Nippon Steel and other large Japanese steel companies in 2010 will increase by 10%-20% year-on-year, and the total crude steel output will exceed 100 million tons. Last year, Japan's crude steel output was only 87.53 million tons, a new low in 40 years