It is the law media reported on August 21, the day of the World Steel Association (WSA), said by the European economic outlook downturn in global steel production in July reached only 78.7% of the capacity of the iron and steel enterprises, a year-on-year decline of 0.8 percentage points.
 
Reported that the world's largest steel company Arcelor Mittal (Arcelor Mittal) announced the second quarter of this year, net profit fell 37% in early August by Fitch and Standard & Poor's, the two major rating agencies downgrade; Indian tower tower Iron and Steel Company (the seventh of its kind in the world) in mid-August, announced that its quarterly net profit decline of 89%; Germany's second-largest steel company Salzgitter (Saltzgitter), also announced two consecutive quarters of losses; located in Italy southern Taranto the ILVA steel base due to serious pollution is facing off; only the ThyssenKrupp company (Thyssen Krupp) announced earnings, but the companies said as to achieve the annual target, and had to rely on the transfer of assets to the economy rely on a smaller environmental business strategy.



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