Problem

Iron and steel basic industries instability

Nature:

The cost of making steel is so largely fixed that profits disappear quickly when output falls. This produces a temptation to sell at any price. In combination with the world overcapacity for steel production, sales volumes and prices are subject to considerable variations.

Subject(s):
Fundamental Sciences Metallic elements and alloys
Industry Industry
Industry Iron, steel
Societal Problems Instability
Related UN Sustainable Development Goals:
GOAL 9: Industry, Innovation and Infrastructure
Problem Type:
E: Emanations of other problems
Date of last update
05.09.2019 – 19:32 CEST