Value Of Steel To Us
Value Of Steel To Us
Do you know the weight of the crude steel produced in the world in 2022 is equal to the steel required to produce 44880 Beijing National Stadiums, and about 25% of steel is traded internationally.
Steel, in its simplest form, is iron metal that’s been alloyed with less than 2% carbon. However, many other elements can be added as well to create multiple grades of steel alloys with varying properties. Common alloying elements include chromium, manganese, and nickel.
Steel is now inextricably linked with economic growth and prosperity. It has enabled our modern way of life. It has spurred economic growth, lifting millions of people out of poverty, and continues to do so around the world today.
Although steel has been increasingly in the spotlight in discussions on decarbonising industry, but efforts in the iron and steel sector need to accelerate significantly to get on track with the Net Zero Emissions by 2050 (NZE) Scenario. However, look at the usage of steel below.
Table by worldsteel.
The amount of steel in use in the world today is equal to about 222kg per person. So what do you think about the value of steel to us today? Let’s share with us —— Shandong Global Steel Co., Ltd today if you have other thoughts.
Resource: WorldSteel and IEA.
Prepare by Florence Huang.
