Xinhua Weekly World Steel Dynamics (03.28-04.03)

With the slow recovery of the global economy, steel demand tends to grow, and particularly strong demand in Asia. Steel projects in the region just like the springing, the major steel manufacturers have increased investment, new plant or upgrading existing plant, there have been new steel plant project starts and the commissioning of the projects under construction.

Bahrain will total construction investment of $ 1.2 billion steel plant. Joint venture to build the plant by a joint holding company of the Gulf and Japan's Kobe Steel, the project includes the construction of an annual output of 1.8 million tons of direct restore ironworks and construction of an annual output of 1 million tons of rolling mill. The Kobe Steel and the the MIDREX company responsible for building the direct reduction of the ironworks, MEERSMS company, CONCASTSMS the Samsung Engineering Company joint construction project. The project will be started in the second half of this year, production in the second half of 2013. (Man, Culture and the Mysteel International Department)

Pohang overseas are being implemented or will implement three steel projects:

ArcelorMittal and POSCO India project won progress. Arcelor Mittal Steel may Billary region of 1620 acres of land to ensure that began construction in the second quarter of this year, its annual production capacity of 600 tons of joint steel. Allegedly kanamycin Take Bang government has this piece of land completed the preliminary procedures, ArcelorMittal is expected to be delivered in July. The project will be divided into two, with a total investment of about 6 billion U.S. dollars, is expected to a project can be put into commercial production in 2013. The state government is also considering approval be given to the the Billary near an iron ore mining company Arcelor Mittal. At the same time, South Korea's Pohang Iron and Steel Company submitted to the state of Karnataka with a building application, plans an annual output capacity of 600 tons of joint steel in the construction of the state, but has yet to identify the specific factories locations. However, Pohang Steel Authority of India (SAIL) to discuss the construction of a steel plant in Bokaro, India, Jharkhand (Jharkhand,), and reached a basic consensus. The initial production capacity of approximately 500,000 tons in the steel mills of this plan will then be gradually increased to 300-400 million tons, total investment is about 150 billion rupees ($ 3.3 billion). The plant will use the Pohang developed FINEX technology, and then by the the SAIL manufacture finished products such as automotive sheet terminal. At present, SAIL, the Bokaro flat Plant (BSP), with an annual capacity of about 7.5 million tons, of which 4.5 million tons due to the transformation plan of SAIL worth 700 billion rupees.

expand overseas steel production capacity at the same time, POSCO will also strengthen its overseas iron ore and other raw materials investments. As in the Australian iron ore company, Murchison Metal the Jupiter iron ore, RoyHill Iron and Brazil pellet manufacturers Kobrasco and Namisa ownership of shares.

, Pohang To achieve the "POSCO3.0 target large-scale restructuring

Vietnam is likely to soon implement national standards of cold rolled coils, in order to curb imports of cold rolled non-compliant. The Association has proposed measures include: First, the Ministry of Science and Technology promulgated as soon as the national standard for cold rolled coils, and in collaboration with various departments to prevent poor quality and substandard products into the Vietnamese domestic product competition; review of the import company, promulgated regulations strict customs clearance procedures, to prevent the import of steel to the influx of commercial fraud; strict control of credit delivery to avoid the use of the Bank's concessional lending imports of the domestic supply of excess steel; four domestic cold rolled coils production of the guidance of the Ministry of Industry and Trade Competition Authority manufacturers to collect evidence in order to take defensive measures within the range allowed by the International Trade Law; five technical barriers and to enact policies to protect domestic steel; implementation of the import license management, to avoid the importers imported in large quantities due to rising prices in the short term steel.

Pohang will be formation of new growth and investment department, integrated sales and production department, as well as the establishment of a new chief technology officer (CTO) positions, to strengthen the collaboration of technology independently developed. Also set up raw material procurement, ethics management and public relations three departments under the direct supervision by the CEO. The company's existing financial, administrative, sales, production technology and stainless steel 5 of the restructuring of the Department of the Ministry of strategies and plans, technical and business unit growth and investment, the Ministry of the Carbon Steel business unit and stainless steel business unit.

- Orissa, India, Jagatsinghpur an annual capacity of 12 million tons of integrated steel mill. The plant uses the Finex ironmaking technology, but the impact of land acquisition problems, the project than originally planned has been postponed for two years.

as the international prices of raw materials, the Vietnamese domestic gasoline, electricity, coal prices rise, the domestic market in Vietnam steel ex-factory price than the beginning of the year rose to 600,000 rupiah / t, generally in 1200-1280 Wan Shield / t. The Association recommends that government restrictions on cold rolled coils, wire, and able to produce the type of steel imports, give priority to the upstream raw material imports and foreign exchange required for the production of finished steel.

the beginning of this year, Zheng Junyang in the 2010 New Year's plans had stressed, "POSCO3.0" is a contemporary Pohang will be realized and challenging goal, the company will "promote project areas, to expand the activities of the stage "," to improve ways of working, and lay a hundred years based the "POSCO3.0" goals.

Lao the Wanrong mining 20 million tons of rolling mill project will start by the end of April. According to the old joint venture, Kunming Iron and Steel Group holding enterprises Laos Wanrong Mining said Wanrong Mining intends the Wanrong held an annual output of 200,000 tons rolling mill project groundbreaking ceremony on April 22 this year, plan to put into operation in March 2010. In addition, the Kunming Iron and Steel independent research and technology design annual output of 200,000 tons of reduced iron project started construction in September this year.

in the management of change, Pohang from the outside to hire two new executives, including the first female executives, aimed at strengthening the professional management and leadership skills will help on achieving the objectives of the POSCO3.0 ". Currently, POSCO is to work toward that goal by 2018 sales revenue of 100 trillion won, overseas steel production will reach 15 million tons, 50 million tons of domestic crude steel production target until after the completion of the project, such as India and Vietnam.

growth and investment, the Ministry of the original dispersion in the various departments of investment aimed at strengthening the effect of collaboration and cooperation; of sales and production is an innovative attempt, which in the global operations are rare, mainly through close contact of the sales and production, improve the ability to respond to user needs, and enhance market competitiveness; new chief technology officer responsible for the company's technology strategies, such as steelmaking, ferrous metals, as well as senior materials World pipe network reported that the world's steel pipe network to provide the world's steel pipe network editor , production technology, according to CTO management, Pohang newly established Productivity Research Center, dedicated to technological innovation consulting and productivity of research and diagnostic. In addition, the company was founded Strategic Planning and Administrative Support Business Unit will provide support, strategies and plans, the Ministry responsible for risk management, financial and human resources development, the Administrative Support Division is responsible for procurement, social welfare and legal support. At the same time, POSCO also plans to expand the matrix management, strengthen the core management of the internal organizational structure.

the past year, the Vietnam Steel Association (VSA) has repeatedly appealed to the government to take measures to protect the domestic steel industry, especially in the emerging market of cold rolled coils.

Pohang management objectives for 2010 are: sales will be 29.5 trillion won, 34.4 million tons of steel production, 2012 the annual output will increase to 40 million tons. The world's first-class product sales increased to 3.9 million tons from 2.9 million tons in 2009; R & D investment in% of sales ratio from last year's 1.5% to 1.7%, the breakthrough technology of low-cost high-quality products from 141 in 2009 to 163 to the global promotion of Finex technology; 2010 investment increased to 9.3 trillion won from 4.9 trillion won in 2009, mainly for maintenance of the No. 4 blast furnace, Gwangyang plant marine Plate Mill building, and this year's M & A activity; continue to implement cost reduction plans, the target savings of 1.15 trillion won; continue to increase investment of raw materials, raw material self-sufficiency rate from 18% in 2009 to 30 percent in 2012. Australia, Brazil or emerging resource countries such as the joint development of small and medium-sized mining of mineral resources, as well as the expansion of existing mines. In addition, the investment of stainless steel raw materials will be expanded; promote the process of global investment projects, such as joint venture integrated steel plant in Indonesia or to break ground, as well as in India to build an integrated steel mills in India, construction and mining permits, and plated zinc production line.

- Java World Pipe network informed, Indonesia Chi Legon annual production capacity of 6 million tons of steel. Plant joint venture with India 尼喀拉喀托 construction, an annual production capacity of 3 million tons, is expected to start in 2011, completed in 2013.

Third, the recent International Iron and Steel increased investment projects

, Vietnam Steel Association has called for measures to protect the domestic steel industry

Vietnam Steel Association, said the Vietnamese steel industry imports all kinds of steel in 2009 was nearly 600 million tons, of which, the surplus of 700,000 tons of cold rolled coils, nearly 50 million tons of wire rod. Limit these two types of steel imports and reduce trade trade deficit of about $ 700,000,000, to ensure the realization of the steel industry in 2010 increased 12% target.

Posco of South Korea will conduct a large-scale restructuring, there will be big changes in management. The reorganization focused on three aspects of growth, users and technology, aims to improve the global competitiveness of enterprises, promoting the mutual growth of the Group.

In addition, Pohang in Vietnam VungTau annual output capacity of 1.2 million tons of cold rolling mill, eastern Mexico Altamira near the port with an annual capacity of 400,000 tons of hot-dip galvanizing production line have been put into operation .

- integrated steel mill in Vietnam, but to build the plant feasibility is still uncertainty.

Nippon Steel 100 billion yen for equipment upgrading. Nippon Steel Corporation said it would invest 100 billion yen ($ 1 billion) to upgrade its domestic steel mill equipment, thereby reducing production costs and improve production efficiency. Investment of 100 billion yen, 60 billion yen for the plant in Nagoya (Nagoya) to build a new coke oven, and another 40 billion yen for the Kimitsu Factory (Kimitsu) blast furnace renovation. Nagoya new coke oven plant is expected to be put into operation in March 2013, designed annual capacity of 1 million tons. Compared with the replacement of old coke oven coke oven not only can effectively reduce carbon dioxide emissions, but also to reduce the use of raw coal. Kimitsu plant blast furnace transformation on April 1, 2012 after the re-ignition, with an annual capacity of 70 million tons based on the original. In that time, Nippon Steel's crude steel total annual production capacity of 40 million tons.

Vietnam Steel Association has been noted that since last year, Vietnam from China and Russia, a large number of low-priced imported cold rolled coils. A large number of non-compliant cold rolled coils, as well as narrowband at low prices into Vietnam, leading to Vietnam's domestic cold rolled coils stock rising, the domestic market impact. Vietnam has six cold rolled coils manufacturer, annual production of 2.4 million tons, while domestic sales of up to 120-140 million tons, which accounted for 54 percent of domestic steel, steel imports accounted for 46%.