Long-term trends in steel consumption

Since the iron and steel sector contributes considerably to industrial CO 2 emissions, it is important to identify the underlying factors driving steel demand. Using a panel dataset, this paper examines the interrelation of steel demand with GDP and its composition, in particular the investment shar...

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Published in:Mineral economics : raw materials report 2014-06, Vol.27 (1), p.43-49
Main Authors: Döhrn, Roland, Krätschell, Karoline
Format: Article
Language:English
Subjects:
Economics
Economics and Finance
Engineering Economics
Environmental Economics
Industrial Organization
Innovation/Technology Management
Logistics
Marketing
Mineral Resources
Organization
Original Paper
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description Since the iron and steel sector contributes considerably to industrial CO 2 emissions, it is important to identify the underlying factors driving steel demand. Using a panel dataset, this paper examines the interrelation of steel demand with GDP and its composition, in particular the investment share since investment goods can be expected to be particularly steel-intensive. Our analysis confirms that there seems to be an increase of steel demand in an initial stage of economic development and a decline after economies have reached a certain level of per capita income. Moreover, we find some evidence that carbon leakage does not seem to play a role in the steel sector.
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subjects Economics
Economics and Finance
Engineering Economics
Environmental Economics
Industrial Organization
Innovation/Technology Management
Logistics
Marketing
Mineral Resources
Organization
Original Paper
title Long-term trends in steel consumption
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