09.07.2014 - Why steel is an essential commodity—the backbone of an economy
Steel is vital for any economy. In a lot of ways, steel consumption in an economy reflects the economy’s health. It shouldn’t surprise you that steel consumption fell by as much as 50% in some countries during the recession of 2008. We use steel in our daily lives—whether in the car we drive, the bridges we drive on, or the homes we live in. You can describe steel’s importance in a simple quote from the World Steel Association, “steel everywhere in our lives.” The sector also supports around a million jobs in the U.S., directly or indirectly..........................................Full Article: Source
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