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Evolution of Technology in the Steel Industry
Authors: A. Wilkes and R. Emmott

Abstract

Despite the capital intensity and longevity of its assets, the steel industry has witnessed an increasing amount of technology innovation in recent years. Steel is in its relative infancy as a world material: 50% of all steel has been made in the last twenty five years, and consumption is likely to double again within the next twenty five. Part of this growth will be possible using currently under utilised capacity, but since new capacity will also be needed, there will be many opportunities for technology suppliers, steelmakers, and stakeholders.

 

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