Steel is a critical industry worldwide, and steel products are a heavily traded commodity. In recent years, market changes, shifts in import and export levels, and weakness in the global demand for steel have negatively impacted steel industries across the world. Along with shifting trade patterns, world benchmark steel prices have been trending downward since early 2011, and the financial outlook for many steel companies has declined. The 2008-2009 global financial crisis was particularly difficult for steel industries, and this period will feature prominently in the following discussion of global steel indicators. 2015 was also a period of decline for the steel industry, as weak global demand caused declines in other indicators.
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Post time: Sep-30-2018