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Description

Over the last 50 years, the Global steel industry has seen a lot; by that, we mean a lot.
Changes in the production dynamics, shift in the dominant producer, techno-changes, new emergence of problems, and the list goes on and on.
So, let’s explore this list and see what has been happening in the Global steel industry in the last 50 years.
The 1970s picture:
In the 1970s, the significant producers of Steel were the US, Japan, and the western European nation, and these nations had domination in the industry. Due to the culture of heavy investments in technologies and innovation, there were a lot of technological advancements in the steel industry, resulting in better infrastructure and related developments.
With all the factors in place, Japan was the second largest producer of Steel, after the USA and Germany, and the UK too had a significant share in the steel industry.
alkunsteel.com/blogs/the-histo…

Description

Over the last 50 years, the Global steel industry has seen a lot; by that, we mean a lot.
Changes in the production dynamics, shift in the dominant producer, techno-changes, new emergence of problems, and the list goes on and on.
So, let’s explore this list and see what has been happening in the Global steel industry in the last 50 years.
The 1970s picture:
In the 1970s, the significant producers of Steel were the US, Japan, and the western European nation, and these nations had domination in the industry. Due to the culture of heavy investments in technologies and innovation, there were a lot of technological advancements in the steel industry, resulting in better infrastructure and related developments.
With all the factors in place, Japan was the second largest producer of Steel, after the USA and Germany, and the UK too had a significant share in the steel industry.
alkunsteel.com/blogs/the-histo…