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European steel industry is facing a turning point
According to Austria's Economic Daily reported in June 16th. German Steel Federation Chairman Hans·Jürgen·Kerkhoff said economic growth in southeastern Spain and Italy and other European countries, although the growth rate is very low, but it is still a good news to the iron and steel industry, is expected to promote the European steel demand growth of 2%.
Although the German crude steel production fell by about 2% in the first quarter, but is expected to grow by 1% at the end of the year, the total output will be about 43.3 million tons. The international iron and steel industry in general downturn at present, the world's largest steel companies Arcelor·Mittal is facing the dual pressures of excess capacity and low prices in southern Europe crisis. China and Russia have further intensified market competition.
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