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The world's biggest steelmaker ArcelorMittal cut its forecast for global steel demand, with a sharper reduction now envisaged in Europe due to a lean automotive market. ArcelorMittal shares, which ...
They expected services and raw material prices to increase 5.3%, and forecast their labor and benefit costs rising 3.5%. Profit margins, which fell slightly in the second and third quarters were ...
The strategic goal above is justified because steel consumption in the world, around 1000 million metric tonnes in 2004, is expected to grow at 3.0% per annum to reach 1,395 million metric tonnes in 2015, compared to 2% per annum in the past fifteen years. China will continue to have a dominant share of the demand for world steel.
Economic forecasting is the process of making predictions about the economy. Forecasts can be carried out at a high level of aggregation—for example for GDP, inflation, unemployment or the fiscal deficit—or at a more disaggregated level, for specific sectors of the economy or even specific firms.
In October 2009, a report published by the Government-supported UK Energy Research Centre, following 'a review of over 500 studies, analysis of industry databases and comparison of global supply forecasts', concluded that 'a peak in conventional oil production before 2030 appears likely and there is a significant risk of a peak before 2020'. [43]
The International Energy Agency says the share of coal, oil, and natural gas in global energy supply, stuck for decades around 80%, will start to edge downward and reach 73% by 2030.
Steel mill with two arc furnaces. Steelmaking is the process of producing steel from iron ore and/or scrap.Steel has been made for millennia, and was commercialized on a massive scale in the 1850s and 1860s, using the Bessemer and Siemens-Martin processes.
Global demand for oil, natural gas and coal — and the carbon pollution they generate — are expected to peak later this decade, according to a new report by the International Energy Agency.