Iron and steel basic industries instability

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.
Problem Type:
E: Emanations of other problems
Related UN Sustainable Development Goals:
GOAL 12: Responsible Consumption and Production
Date of last update
01.01.2000 – 00:00 CET