China’s steel and coal producers enjoyed a continuing resurgence on the back of Premier Li Keqiang’s assurance that the impact of job cuts will be softened in the country’s bid to trim overcapacity.

On 30 December 2015, General Steel Holdings, Inc, signed a series of restructuring agreements to effect the sale of its steel manufacturing business.

The World Steel Association (worldsteel) has forecast a 1.7 percent decrease in global steel demand for 2015, but projects a growth of 0.7 percent in 2016.

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