Because of the demand for steel in the world market and the world's major producers, there are plenty of surplus production. In the end, the company is not able to bear the burden for the production.
Since the demand for steel in the world market fell. And a major supplier of the world's production capacity, excess quantities. The Company I can not bear the burden of conducting the production.
Due to the need to use steel in the global market decreased. And a major manufacturer of world power produced excess volume. Finally the company. Can't bear to take operation capacity.