All Steel Works
Steel is essential to the modern world, and its use is critical in enabling man to move towards a sustainable future. Whether in lighter, more efficient vehicles or renewable energy generation, steel is a fundamental part of a greener world. Steel is also necessary for new, highly efficient power stations and the construction of smart electrical grids, transport infrastructure development, energy-efficient residential housing and commercial buildings.
More than 1.4 billion tonnes of steel are manufactured and used every year. Currently, 45% of steel is produced and used in mainland China. There will be continuing growth in the volume of steel produced, particularly in developing areas such as Latin America, Asia, Africa and the Indian sub-continent, where steel will be vital in raising the welfare of developing societies. In these regions, more than 60% of steel consumption will be used to create new infrastructure. This continued growth prevents the demand for steel being met by means of recycling of end-of-life steel products alone, hence making it necessary to continue converting virgin iron ore into steel..