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Experts: Global steel industry needs to make adjustments

According to foreign media reports, the global steel supply and demand in the current annual 15 million to 16 million tons, an increase would tend to stagnation, and said the rapid expansion of China's steel consumption and output in the past is sharp slowdown. July 10, accepted an interview with the Financial Network reporter experts agree with this statement, said the steel industry needs to make adjustments.
 
According to the British Financial Times reported on the 9th, some companies are compelled by the situation has begun to take action, such as the German companies ThyssenKrupp (ThyssenKrupp) said, is its located in the United States and Brazil, two large, expensive steel mills find to buy home; the Arcelor Mittal (ArcelorMitta,) refused to rule out the possibility of further shut down factories in Europe; Japan kawasho (JFE) and Austria's voestalpine Group (Voestalpine) and other iron and steel enterprises pay more attention to the development of new iron and steel materials to to increase competitiveness.
 
Reported that lead to the situation in the steel industry to determine the change because there are signs that the rapid expansion of China's steel consumption and output in the past are beginning a sharp slowdown in British steel consulting firm Meps expects Chinese steel output this year, an increase of 5.7%, an increase of the previous year, which indicates that China's steel demand growth slowed significantly.
 
Hsi-by on the 10th, told reporters that the Chinese iron and steel from the high-speed growth of the original double-digit reduced to a number of current growth is actually relatively slow. He believes that the steel industry need to be adjusted, the downstream demand changes should be adjusted, the growth of the industry (ongoing) expansion and contraction of the industry must be eliminated, or the implementation of structural adjustment, such as product structure, enterprise structure. Abroad will generally merger or reorganization of the joint adjustment, from the technical aspects, technical updates to reduce costs, develop better products. "
 
Zhou Xi Zeng said that China's steel demand and output from the peak far "At the same time, for the iron and steel enterprises, and can not assert that the future earnings difficulties, because this depends on the future whether the new investment," the industry and businesses are not static ... the steel industry will change. 



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