The market is at its lowest ebb, so that the original teeth do not cut steel prices began to be inadequate. Yesterday, industry analysts predict that due to the sharp drop in demand and steel prices gradually compressed capacity, domestic crude steel production this year, most likely the first time in 31 years of negative growth. This also reflects deeper into the steel industry in times of hardship.
 
According to latest data released by the China Steel Association, the first half of a total crude steel production of 357 million tons, an increase of only 1.8%, while more than 70 large and medium-sized steel enterprises in crude steel output fell 0.1% year-on-year production of 310,000 ton. China Steel Association's 74 member companies in the output of 33 companies fell.
 
The combination of the economy is slowing down markedly this year, the estimates of the serious incompetence of the fundamentals of demand for steel, crude steel production in the second half of this year will be significantly lower than the first half of 10%, and most likely zero growth or negative growth. "On the other hand, the Chinese steel industry is facing a more severe test than during the financial crisis, steel prices have fallen substantially, the whole industry to the brink of a loss edge is a fact. It can be anticipated, steel production in the second half of the response to the plight of both such circumstances, is no choice. "Some analysts said.



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