from time-to-time, it’s worth sitting back and looking at the big picture; the long-term; over-the-horizon. It’s a useful thing to do. It provides some perspective.
Considering the global steel output since 1950 we can look at 3 cycles.
1950-73 – steady growth. Post-war investment in North American infrastructure; the development of the automobile; reconstruction in Europe and the emergence of Japan. All drove steel production and consumption higher.
1973-98 – stagnation. The oil shock;…
Subscribe To Our Free Newsletter |