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| Review on world steel industry development in contemporary and “Chinese Approach” proposal |
| QIAN Jia-shu |
| Meishan Iron and Steel Co., Ltd., Baosteel Group, Nanjing 210039, Jiangsu, China |
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Abstract In order to explore the future development of China′s iron and steel industry,the relationship between apparent steel consumption per unit GDP,apparent steel consumption per capita and GDP per capita in 34 world economies including China,the United States,Japan,Germany,France,South Korea and Iran, etc. from 1970 to 2018 was statistically analyzed. The results show that the apparent consumption of steel per unit GDP did not increase with the growth of GDP per capita. On the contrary,there was a decreasing power function correlation tending to be balanced. Low apparent consumption of steel per unit GDP was totally enough to create a high GDP per capita. Thus,there was no need to blindly looking for increase of high production,which leaded to a strong "Identity". While the correlation between apparent steel consumption per capita and GDP per capita showed a strong "Dissimilarity" as different economies could develop in 3 different types of interrelationship. At the moment,the developed countries were all in unilateral decline type. On this basis,4 kinds of peak steel production approaches were forecasted,and the "Chinese Approach" is thus put forward.
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Received: 29 June 2020
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2021, Vol. 56 
