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Long Term Trends in Steel Consumption

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  • Döhrn, Roland
  • Krätschell, Karoline

Abstract

Since the iron and steel sector contributes considerably to industrial CO2 emissions it is important to identify the underlying factors driving steel demand. Using a panel dataset this paper examines the interrelation of steel demand with GDP and its composition, in particular the investment share since investment goods can be expected to be particularly steel intensive. Our analysis confirms that there seems to be an increase of steel demand in an initial stage of economic development and a decline after economies have reached a certain level of per capita income. Moreover, we fi nd some evidence that carbon leakage do not seem to play a role in the steel sector.

Suggested Citation

  • Döhrn, Roland & Krätschell, Karoline, 2013. "Long Term Trends in Steel Consumption," Ruhr Economic Papers 415, RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen.
    • Handle: RePEc:zbw:rwirep:415
    DOI: 10.4419/86788470
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    References listed on IDEAS

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    2. Crompton, Paul, 2000. "Future trends in Japanese steel consumption," Resources Policy, Elsevier, vol. 26(2), pages 103-114, June.
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    6. Crompton, Paul, 1999. "Forecasting steel consumption in South-East Asia," Resources Policy, Elsevier, vol. 25(2), pages 111-123, June.
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    Cited by:

    1. Jeannine Bailliu & Doga Bilgin & Kun Mo & Kurt Niquidet & Benjamin Sawatzky, 2019. "Global Commodity Markets and Rebalancing in China: The Case of Copper," Discussion Papers 2019-3, Bank of Canada.
    2. Döhrn, Roland, 2013. "Die Lage am Stahlmarkt: Hoffnung auf Besserung im kommenden Jahr," RWI Konjunkturberichte, RWI - Leibniz-Institut für Wirtschaftsforschung, vol. 64(2), pages 19-27.
    3. Roland Döhrn, 2013. "Die Lage am Stahlmarkt – Hoffnung auf Besserung im kommenden Jahr," RWI Konjunkturbericht, Rheinisch-Westfälisches Institut für Wirtschaftsforschung, pages 9, 06.

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    More about this item

    Keywords

    Steel consumption; intensity of use-hypothesis; carbon leakage;
    All these keywords.

    JEL classification:

    • L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling

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