World Steel Association: this year's global steel demand falling by 1.7% next year by 0.7% World Steel Association recently released 2015 and 2016 in the short-term outlook, we expect global steel demand to 1.513 billion tons, down 1.7 percent year on year, to 1.523 billion tons in 2016, increasing 0.7%. World Steel Association, said it is clear that the steel industry finally reached the end of a major growth cycle. As China's economic slowdown, we see investment decline, geopolitical conflict and volatility of financial markets in many developing regions. Iron and steel industry is currently experiencing slow growth, based on China's economic situation remains stable, the International Steel Association expects the current grim situation in 2016 will slow down and, while the vulnerability of most emerging economies to external shocks concerns, but we also expect strong growth in other developing countries such as India will become a driving force in the global steel industry has entered a new round of growth in emerging market cycle. Developed economies, demand is recovering, even if the power a little weak, but still on track. Chinese steel demand following the 2013 peak to maintain negative growth. The impact of China's economic slowdown on investment and the real estate industry is more serious than expected, construction and manufacturing activity is slowing down, the International Steel Association expects Chinese steel demand down 3.5 percent next year, down 2.0 percent. In addition, some other emerging and developing economies, due to structural problems and falling commodity prices also decline, political instability upgrade. Such as Russia and Brazil, the sharp decline of steel demand, the Middle East, Africa and Ukraine, geopolitical tensions and political instability in the demand for steel have a big negative impact. India and Mexico as well as to benefit from the positive developments in domestic demand and reform in other countries in Asia, the Middle East and North Africa, demand is expected to sustain growth. Despite the decline in some countries, the International Steel Association still expects 2015 emerging and developing economies (excluding China) steel demand will increase by 1.7%, in 2016 by 3.8%. Developed economies regain momentum in 2014 significantly reduced this year, while the US economy continued solid foundation, but because of currency appreciation and the slowdown in the energy sector, steel demand is expected to decline this year. EU to benefit from falling oil prices, low interest rates and a weaker euro, recovery is expanding. Asian countries Japan and South Korea still facing adverse economic structural factors, negative growth in steel demand. Overall, the International Steel Association expects steel demand in developed economies this year, fell 2.1% in 2016 will increase 1.8%. Most of our customer begin to reduce their purchase amount, because of some word's effect, such as the curcently