WORLD STEEL MARKET FACING A CRISIS?

Demand for steel will increase

As nations around the world seek to improve their standards of living and lift populations out of poverty, it is inevitable that the demand for steel will increase.

Even as it addresses the needs and challenges of today’s economic environment, the steel industry is looking ahead at the challenges that are just over the horizon. 

Materials that are stronger and meet higher environmental standards will be needed. 

New generations of steel continue to be developed that make it possible for manufacturers and builders to implement durable, lightweight designs. 

Furthermore, steel can be endlessly recycled without loss of strength, durability or any of its other distinctive properties.  Without being aware of it, society now depends on steel. 

Steel face challenges

Humankind’s future success in meeting challenges such as climate change, poverty, population growth, water distribution and energy limited by a lower carbon world depends on applications of steel. 

Steel plays a critical role in virtually every phase in our lives. The rails, roads and vehicles that make up our transport systems use steel. 

Steel provides a strong framework and connections in the buildings where we work, learn and live. 

It protects and delivers our water and food supply. It is a basic component in technologies that generate and transmit energy.