Sentences with phrase «global steel production»
Over the past decade, growth in global steel production has again been very strong, running well ahead of that in global industrial production.
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Half of global steel production goes into buildings and infrastructure, which includes products such as beams and pipelines.
That also meant there could be no agreement on a formal pledge to work together to reduce global steel production.
Looking back in time, global steel production grew strongly in the 1960s and early 1970s when Japan was industrialising, but then was relatively flat for about a quarter of a century (Graph 8).
Among other things, this has seen the growth in global steel production stall, and hence lower growth in the demand for iron ore and coking coal.
«The steel industry in China boomed from 5 percent of global steel production in the late 70s to almost 50 percent today; on the back of that surge was a voracious appetite for iron ore» he says.
Demand for both of these are tied directly to global steel production.
Global steel production is expected to increase more than 10 percent in 2010, and global seaborne metallurgical coal demand is expected to increase by more than 50 million tonnes.