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Global steel production is reduced

According WorldSteelAssociationv July steel production reached 133.2 million. Tons. This figure, combining the results of 65 countries included in the WSA, below last year's data by 3.8%. Since August 2009 this is the most impressive fall. And it clearly indicates, overtaken steel industry crisis. In July, the download industry production capacity has dropped to 68.4%. During the period 7mesyachny world steel production amounted to 948.1 million. Tons. Compared with the same period of 2014 reached 1.8% decline.

The decline in July was mainly due to China. Chinese steel smelting hit 65,840,000. Tons. This is lower than the results of the same period of 2014 by 4.6%. Representatives CISApolagayut that the decline in the PRC will continue in September. However, one can argue that the production of steel in China is irreversibly reduced.

Japan also showed a significant decrease in production output. Moreover, not only in July but also for the entire period 7mesyachny 2015. The fall of 4.8% over the previous year. At 3.9%, and decreased production of Korean steel. The US also there is a decline. In July, US manufacturers have released steel by 9.1% less than in July 2014. In January-July decline reached 8.4% — more than 4.3 million tons.

The leader in the steel sector, India. For 7mesyachny period production reached 52.9 million. Tons of steel. This figure is 4.3% — 2.2 million tons -. Higher than last year's result. The July figures increased by 1.2%. On the whole, the Indian economy has shown good results. Indian steelmakers also believe that the main problem is constantly increasing competition. In the financial period 2014−2015,. imports amounted to 9.3 mln. tons. This figure is higher than the previous result of 71%. In April-June 2015 3.5 mln. Tons were imported into India, which is 58% higher than the same period of 2014. Germany managed to maximize the production of steel. The growth was 4.7% compared to the same period in 2014. However, influencing factors are short-term.

In general, the European Union considers the period ended positive balance. Expansion of production indicators in the steel sector amounted to 0.4%. And this despite the fact that in Italy, a leading manufacturer of Ilvarabotaet with chronic intermittent. Perhaps, after the launch of another blast furnace production will be established. EU allowances provided and Hungary and Poland — almost 1.3 million tons versus 2014.

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