Construction steel industry is an emerging industry in China, 90 from the last century developed, only a short time. In developed countries, new buildings, the use of steel to reach 50-70%. Steel building steel structure in China's steel output accounted for less than 5%. According to the Eleventh Five "industry development plan, construction steel structure steel 2010 will reach 6% of China's steel output. To yield 550 million tons of steel in 2010 a conservative estimate, in 2010 China's steel consumption will reach 33 million tons .
Coupled with China's urbanization is growing rapidly, by the end of 2007, China's urban population is 594 million people, 44.9% of the level of urbanization, more than 21.1% in 1982 to increase 23.8 percent average annual growth of 25 years, 0.95 percentage points. The next 10 years -15 years, China's urbanization will continue to maintain an average annual growth rate of 0.8-1 percent, while the rapid development of urbanization will inevitably bring about the development of the construction industry.
In recent years, China's construction industry to maintain rapid growth, booming construction industry across the country. In 2009, in the tough international environment, China's construction industry is still reveals plenty of vitality, growth remained above 25%. This is to benefit from China's further development of the urbanization process, and the State 4 trillion of investment in the construction industry on the basis of the driving, while the post-disaster reconstruction in Sichuan also play a role in promoting the construction industry. Expected that this trend will continue.
With this we can see that the rapid development of construction industry and the ratio of steel in construction rising, the steel structure of double drive growth in steel consumption. Steel industry by more than 20 manufacturers research point of view, the manufacturer of the industry prospects looking on, is expected to average annual growth rate will remain at 17% or more.