The hottest global steel production recorded the l

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Global iron and steel production fell the most in six years

China is changing from an industrial structure dominated by manufacturing and heavy industry to a service-oriented economic development mode, and the change of iron and steel production is one of the evidences

according to the worldsteelassociation, global steel production fell by 2.8% to 1.62 billion metric tons in 2015, the largest decline in the past six years, of which China's steel production fell the most. Policy makers said they planned to further cut steel production and would help companies reduce labor and sell non-performing assets. Steel futures prices have rebounded to a three-month high

on Monday, Commerzbank pointed out in a report that "if the steel price is to continue to recover, the oversupply in the market needs to be reduced immediately."

after the boom of the past decade, the global steel industry is gradually shrinking. As the second largest polyurethane thermal insulation material in the world, its share in China's building energy-saving material market is actually not high. China's steel demand has declined for the first time in the past decade, prompting steel exports to set a historical record

according to the world iron and Steel Association, China's steel output was 804 million tons in 2015, down 2.3% from 2014, although China's share of global crude steel output increased from 49.3% in 2014 to 49.5%

entering the experimental procedure, China Metallurgical Industry Planning and Research Institute said that in 2015, China's steel consumption and crude steel production both fell for the first time in 20 years, and a large number of steel mills may even face bankruptcy in 2016

at the same time, the general oversupply in the metal industry also forced producers in other countries to reduce production. It is very difficult for us steel production to coordinate the two in this kind of situation. In 2015, it fell by 11% to 78.9 million tons, and European steel production also fell by 3.2%

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