Stee Industry Analysis

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Title: Stee Industry Analysis

Essay Details:

Subject: Miscellaneous

Author: Donna H

Date: October 31, 2010

Level: University

Grade: A

Length: 5 / 1341

Essay text:

A major share of steel used in infrastructure is manufactured by using Iron Ore from mines as a basic raw material. The use of recycled steel in infrastructure is gaining popularity. Today the major producers of steel globally are Arcelor Mittal, Nippon Steel, POSCO, JFE and Tata Steel. Arcelor Mittal is the market leader with 10.1% of the market share. China was the largest producer of steel in 2007 with 489 million tonnes followed by Japan (120.2 mil tonnes), US (97.2 mil tonnes), Russia (72.2 mil tonnes) and India (53.1 mil tonnes). The Global steel market fetched total revenues of $526.9 billion in 2007 as compared to $489...

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