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COMPARISON OF THE STEEL DEMAND BETWEEN THE EUROPEAN UNION AND CHINA

1 FOJTÍKOVÁ Lenka
Institution:
1 VSB - Technical University of Ostrava, Ostrava, Czech Republic, EU, lenka.fojtikova@vsb.cz
Conference:
23rd International Conference on Metallurgy and Materials, Hotel Voronez I, Brno, Czech Republic, EU, May 21 - 23, 2014
Proceedings:
Proceedings 23rd International Conference on Metallurgy and Materials
Pages:
1485-1490
ISBN:
978-80-87294-52-9
ISSN:
2694-9296
Published:
18th June 2014
Proceedings of the conference were published in Web of Science and Scopus.
Metrics:
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Abstract

The steel sector is important for the European Union industrial base. The paper is focused on the analysis of the steel demand in the European Union (EU) and China, the two main producers and traders in the world. Two methods are applied for this purpose. Firstly, the method of apparent steel use (ASU) per capita is used and then the method of true steel use (TSU) per capita will be applied. It presents the finding of steel production, steel trade as well as indirect steel trade in these countries. All these indicators are compared between the EU and China. The analysis confirms that while the economic growth and increase of income level in China contributed to increase of the steel demand in China in 2003-2012, the steel demand of the EU was negatively influenced by the world economic crisis. The results of the analysis are discussed and graphically presented.

Keywords: steel consumption, indirect trade in steel, anti-dumping measures, scrap industry

© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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