A healthy economy needs a healthy steel industry

A healthy economy needs a healthy steel industry that provides jobs and stimulates development.

Steel is the basis of the last 100 years of society’s development. Steel will also be fundamental to face the challenges of the next 100 years.

Key Steel Facts for a Healthy Steel Industry

The world’s average steel use per capita has steadily increased, from 150 kg in 2001 to around 230 kg in 2020, making the world more prosperous.

Steel is used in every major industry: energy, construction, automotive and transportation, infrastructure, etc.

By 2050, steel use is projected to increase by about 20% from current levels to meet the needs of our growing population.

The realization of skyscrapers is possible with the help of steel. The housing and construction sector is the largest consumer of steel today, using more than 50% of the steel produced.

The properties of steel make innovation possible, allowing bold ideas to materialize. Steel makes the art of engineering possible and attractive.

Modern steel products have never been more sophisticated. From smart car models to high-tech computers, from state-of-the-art medical equipment to high-performance satellites.

Architects can design any shape or opening they want. And steel structures can be designed to fit their innovative designs.

New and better ways to produce modern steel are invented every year. In 1937, the Golden Gate Bridge needed 83,000 tons of steel, today it would only need half that amount.

Also, over 75% of the steels used today did not exist 20 years ago.

Strength, versatility, ductility and the fact that it is continuously recyclable make steel a basic material.

Also, steel offers the most economical and the best strength-to-weight ratio compared to any other building material.