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Imports - Eurofer

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Investments<br />

Investment expenditures foreseen for 2000 were comparable to those of the preceding two years<br />

and show stability at a relatively high level.<br />

Investments Expenditure (M€)<br />

4500<br />

4250<br />

4000<br />

3750<br />

3500<br />

3751 3746<br />

4202<br />

1996 1997 1998 1999 2000<br />

Source: European Commission<br />

4289 4279<br />

Iron and Steel: Investments Expenditure<br />

Others<br />

4%<br />

Coated Sheet<br />

11%<br />

Miscellaneous<br />

18%<br />

Colled Rolled Sheet<br />

15%<br />

Source: European Commission<br />

Coke Sinter Iron Making<br />

10%<br />

Basic Oxygen Furnace<br />

8%<br />

Electric Arc Furnace<br />

8%<br />

Continuous Casting<br />

9%<br />

Hot Rolled Flat<br />

9%<br />

Hot Rolled Long<br />

8%<br />

Investments concentrated on rolling mills rather than on the earlier stages of production, reflecting<br />

the increasing capacities, particularly in cold rolling and galvanising lines.<br />

As consumption increases, galvanising line capacities are projected to grow by approximately<br />

5 million tonnes by 2004. Investment levels in this area are particularly high at present.<br />

With the improvements of existing facilities, capacities of hot rolled mills are also projected to<br />

increase by over 2 million tonnes up to 2004 with rises in Germany, Belgium and the<br />

Netherlands. Cold rolled capacities will also rise by approximately 2 million tonnes, building on<br />

strongly increased investments in 2000.<br />

31<br />

E U R O F E R 2 0 0 0

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