Steel Industry - Statistics and Facts
Since the establishment of steel mills, there have always been times when steel producers were facing an imbalance of supply and demand. Overcapacities in the sector became the new normal when China, the world's largest producer of steel, ramped up production and flooded the markets, including the United States, with cheap steel. Canada is the main source for steel imported into the United States. As a result of weak demand from China's domestic construction sector and an overall decline in GDP growth, the Chinese steel industry encountered its first annual contraction in about 25 years in 2015.
The Luxembourg-based steel maker Arcelor Mittal reported 2018 revenue streams of about 76 million U.S. dollars. Arcelor Mittal was the world’s largest steel producing company in 2018. U.S.-based Nucor also made the list. Steel is an alloy which is typically made by combining its main ingredient, iron, and other elements. These additional elements coupled with the right temperature play a crucial role when it comes to changing the metal's properties in terms of strength, toughness, ductility, weldability and durability.
The perfect combination of iron and other elements, including manganese, carbon or base metals such as nickel and copper, helps produce the type of steel that is the best fit for a certain need. The most widespread methods to alter the properties of steel include annealing, tempering, quenching and peening, as well as hot or cold rolling. As a material, steel plays an essential role in infrastructure development and building construction, as well as in car manufacturing and shipbuilding. In light of increasing environmental awareness, it has to be emphasized that this ferrous metal is one of the most widely recycled materials worldwide. About 1.7 billion metric tons of crude steel was produced globally in 2017. That year, worldwide consumption of steel scrap came to around 600 million metric tons.
Our esteemed Journal of Steel Structures and Construction is looking forward for the upcoming issue (Volume 6: Issue 1) having journal impact factor of 0.64*. We are glad for the upcoming year issue release as all the authors are invited to submit their recent scientific work through manuscripts in the mode of Research/Case Reports/Case Studies/Reviews/Short Review/ Short Communications/Commentaries/Short Commentaries/Letters to Editor/ Image articles etc., from different regions around the world.
Our Journal welcomes submissions of manuscripts on the topics covering Aerospace Engineering Research, Architectural Designing, Bridges, Buildings, Earthquake Engineering, Interior Designing, Seismic Analysis, Steel Industry, Structural Engineering, etc. In the quality perspective, the journal is determined to maintain an exceptionally high standard in both facts and ethics. Accuracy and authenticity in the scientific reports of present journal are conserved above all nominal needs of the time.
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Journal of Steel Structures and Construction: Open-Access