In conclusion, a new global steel industry is emerging, though it is still evolving. Most of the players and the technology that will be critical in the next decade are already on the field of play. However, there will be plenty of changes within these bounds.
From 30 years ago, steel productivity has improved from 10 MHPT to 1 MHPT. But the mills are back to talking about “Survival.” Without government support for steel production and manufacturing the industry could disappear in traditional industrialized countries like the UK. Imports bolstered by illegal subsidies could take the industry out. Companies argue that despite a recovery in demand, the industry has not benefited.
The China Steel Supercycle Collapse
The fundamental ...
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