.gif)
Loading
A video showing steel production trends in different regions of the world as of 2019, using a 100 basis to standardise trends.
? Video overview
The video offers a visual representation of the variations in steel production, highlighting how different regions have faced global and local challenges. Here is a detailed analysis of the regions specifically mentioned in the video.
? Regional analysis
China: Steel production in China continued to grow, supported by significant investments in infrastructure and construction. Despite the disruptions caused by the pandemic, China quickly recovered, showing remarkable resilience.
India: India experienced steady growth in steel production, driven by rising domestic demand and ongoing infrastructure projects.
European Union: Steel production in the EU declined significantly at the beginning of the pandemic, but has shown a gradual recovery. The increasing emphasis on sustainability and technological innovation is contributing to a greener and more sustainable recovery.
Turkey: Turkey has maintained stable steel production, benefiting from its strategic location and both domestic and export demand.
United States: steel production in the US has fluctuated, influenced by trade policies and economic stimulus. After an initial drop due to the pandemic, production recovered vigorously.
Brazil: steel production in Brazil showed resilience, with a rapid recovery after the initial drop caused by the pandemic. Infrastructure investments and export demand played a crucial role.
? Lessons learnt
- Resilience and Adaptation: Different regions have shown a remarkable capacity to adapt to global crises, highlighting the importance of flexible and resilient strategies.
- Sustainability: The adoption of sustainable practices in steel production is growing, with investments in green technologies and efficient processes.
- Globalisation: Steel production continues to be a key indicator of globalisation dynamics, with supply chains influencing regional production fluctuations.
? An up-to-date, evidence-based analysis that offers valuable insights for those working in steel, the global economy or sustainability.
Watch the video to discover how steel production has evolved in different regions and get inspired by emerging trends!
