Characteristics and tendencies in the steel industry, globally and regionally

Abstract

The objective of this paper is to highlight the current state of the steel industry at the global and regional level, in terms of its level of important indicators, such as: production capacity, production volume, level of consumption, exports and imports. The data used are systemized on time intervals, resulting in that the steel industry remains an attractive sector for investors in terms of large profits generated, but extremely sensitive to economic fluctuations and measures taken by the authorities. In this regard, the disparities and trends of the analyzed periods at global and regional level highlight the different ways of managing the situation in the steel sector, overcapacity representing a highly controversial element nowadays.

Keywords

• steel industry
• apparent steel use
• overcapacity
• trade
• economic growth