Steel Market Free Essay, Term Paper and Book Report
Steel is the most used metal in the whole world. In December 2008, the entire production of steel in the world was close to 1,3 billions of tones. The reason of this impressively high production is because steel is a commodity essential in nearly every market sectors and used by nearly all of them. Indeed, steel is used by sectors such as transportation (road, railways, vehicles, and aviation), telecom sectors, housing and all type of construction applications from lifts, doors, etcâ¦. The demand of these sectors in the whole world, coupled with the accelerated economical growth and the industrialization witnessed in the emerging countries like Brazil, Russia, India, China and the Middle East have further pushed the demand for steel even higher the last decade. Thus the steel market relies heavily on the economy: growth/recession. It is a very interesting commodity to analyze, as it is the most influenced by worldwide economical variations and cycles Therefore, we can imagine that today's economic and financial crisis has a large impact on steelâs demand and supply.
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Word Count: 809
Page Count: 3.2 (250 words a page / double spaced)
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