BACKGROUNDER
Steel Industry has
witnessed continuous global revolution of its market over the
years, which is reflected in its rising volume of international
trade and increasing share in global production. The industry
has withstood the uncertainty, barriers to trade and volatility
in the international market caused by forces of diverse nature
such as intense competition and protectionism. More nations at
present produce steel. The number of countries participating in
the global steel market as sellers as well as buyers has also
increased significantly. The following table gives a clear picture
of the world trade in steel products during the last two decades:-
World Trade
in Steel Products
(million tonnes finished
steel)
|
Year
|
Exports
|
Production
|
Export's %
|
|
1981
|
142.8
|
574.3
|
24.9
|
|
1982
|
135.5
|
528.7
|
25.6
|
|
1983
|
145.3
|
546.5
|
26.6
|
|
1984
|
158.8
|
588.4
|
27
|
|
1985
|
171
|
599
|
28.5
|
|
1986
|
161.7
|
597.4
|
27.1
|
|
1987
|
162.3
|
615.5
|
26.4
|
|
1988
|
171.1
|
656.8
|
26.1
|
|
1989
|
171.2
|
664.4
|
25.8
|
|
1990
|
171
|
654
|
26.2
|
|
1991
|
177.1
|
626.4
|
28.3
|
|
1992
|
196.1
|
616.8
|
31.8
|
|
1993
|
222.5
|
627.4
|
35.5
|
|
1994
|
238.6
|
628.7
|
37.9
|
|
1995
|
246.7
|
578.7
|
42.6
|
|
1996
|
237.8
|
656.3
|
36.2
|
|
1997
|
268.7
|
701.4
|
38.3
|
|
1998
|
271.6
|
685
|
39.7
|
|
1999
|
280.8
|
696.3
|
40.3
|
|
2000
|
302.7
|
747.9
|
40.5
|
Source-IISI
