Steel and the global economic crisis

Article


Swanton, Dan, MacKillop, Fionn and Hudson, Ray. 2009. "Steel and the global economic crisis." Eurasia Critic.
Article Title

Steel and the global economic crisis

Article CategoryArticle
AuthorsSwanton, Dan (Author), MacKillop, Fionn (Author) and Hudson, Ray (Author)
Journal TitleEurasia Critic
Number of Pages8
Year2009
Place of PublicationAnkara, Turkey
Web Address (URL)http://www.eurasiacritic.com/sites/default/files/e-magazine/January-2009/ghgy7/index.html
Abstract

The past year has been extraordinarily turbulent for the global steel industry. Indeed, the first six months of 2008 saw the continuation of a protracted period of growth in the global production of steel, sustained largely by high levels of demand in China and India (and masking falling demand in Western Europe and the US) and reflected in unparalleled increases in the global prices of iron ore and coking coal. However, in recent months the combined impact of the credit crunch and difficulties in securing lines of credit, the economic downturn, and the collapse of consumer confidence have meant that the fortunes of the steel industry have taken a dramatic turn for the worse, with global demand for steel falling rapidly, steel prices collapsing, and steel companies slashing production (for example ArcelorMittal, the world's largest steel company has cut steel production from between 30 and 50% for its various products in the 4th quarter of 2008).

Keywordssteel; global financial crisis; restructuring; China
ANZSRC Field of Research 2020350706. International business
380109. Industry economics and industrial organisation
350711. Organisational planning and management
Public Notes

c. Eurasia Critic News Agency Ltd.

Byline AffiliationsDurham University, United Kingdom
Australian Centre for Sustainable Business and Development
Institution of OriginUniversity of Southern Queensland
Permalink -

https://research.usq.edu.au/item/q0v43/steel-and-the-global-economic-crisis

  • 1913
    total views
  • 11
    total downloads
  • 0
    views this month
  • 0
    downloads this month

Export as

Related outputs

How and why are networks rolled out? A historical perspective
MacKillop, Fionn. 2005. "How and why are networks rolled out? A historical perspective." Le Gales, Patrick and Preteceille, Edmond (ed.) RC21: Cities as Social Fabric: Fragmentation and Integration. Paris, France 30 Jun - 02 Jul 2005 Paris, France.
Sustainable as a basis of affordable? Understanding the affordability 'crisis' in Australian housing
MacKillop, Fionn. 2013. "Sustainable as a basis of affordable? Understanding the affordability 'crisis' in Australian housing ." Australian Planner. 50 (1), pp. 2-12. https://doi.org/10.1080/07293682.2012.688839
Urban climatology applied to urban planning: a postwar knowledge circulation failure
Hebbert, Michael and MacKillop, Fionn. 2013. "Urban climatology applied to urban planning: a postwar knowledge circulation failure ." International Journal of Urban and Regional Research. 37 (5), pp. 1542-1558. https://doi.org/10.1111/1468-2427.12046
Steel, material flows, and globalisation: by-product optimisation and waste management in today's steel industry
MacKillop, F.. 2012. "Steel, material flows, and globalisation: by-product optimisation and waste management in today's steel industry." Metallurgical Research and Technology. 109 (3), pp. 139-147. https://doi.org/10.1051/metal/2012013
Climatic city: two centuries of urban planning and climate science in Manchester (UK) and its region
MacKillop, Fionn. 2012. "Climatic city: two centuries of urban planning and climate science in Manchester (UK) and its region." Cities. 29 (4), pp. 244-251. https://doi.org/10.1016/j.cities.2011.10.002
Towards more sustainable water management? The challenges of water and land use in the Los Angeles metropolis
MacKillop, Fionn. 2010. Towards more sustainable water management? The challenges of water and land use in the Los Angeles metropolis. Saarbrucken, Germany. Editions Universitaires Europeennes.
Urban climatology and urban design, a history of (non) applied science
Hebbert, Michael and MacKillop, Fionn. 2010. "Urban climatology and urban design, a history of (non) applied science." Gulersoy, Nuran Zeren and Ayatac, Hatice (ed.) IPHS 2010: Urban Transformation: Controversies, Contrasts and Challenges. Istanbul, Turkey 12 - 15 Jul 2010
The construction of 'waste' in the UK steel industry
MacKillop, Fionn. 2009. "The construction of 'waste' in the UK steel industry." Journal of Environmental Planning and Management. 52 (2), pp. 177-194. https://doi.org/10.1080/09640560802666529
The Los Angeles 'Oligarchy' and the governance of water and power networks: The making of a municipal utility based on market principles (1902-1930)
MacKillop, Fionn. 2005. "The Los Angeles 'Oligarchy' and the governance of water and power networks: The making of a municipal utility based on market principles (1902-1930) ." Flux: International Scientific Quarterly on Networks and Territories.
Water and power networks and urban fragmentation in Los Angeles: rethinking assumed mechanisms
MacKillop, Fionn and Boudreau, Julie-Anne. 2008. "Water and power networks and urban fragmentation in Los Angeles: rethinking assumed mechanisms ." Geoforum. 39 (6), pp. 1833-1842. https://doi.org/10.1016/j.geoforum.2008.07.005