Long Term Trends in Steel Consumption

Roland Döhrn and Karoline Krätschell

No 415, Ruhr Economic Papers from RWI - Leibniz-Institut für Wirtschaftsforschung, Ruhr-University Bochum, TU Dortmund University, University of Duisburg-Essen

Abstract: Since the iron and steel sector contributes considerably to industrial CO2 emissions it is important to identify the underlying factors driving steel demand. Using a panel dataset this paper examines the interrelation of steel demand with GDP and its composition, in particular the investment share since investment goods can be expected to be particularly steel intensive. Our analysis confirms that there seems to be an increase of steel demand in an initial stage of economic development and a decline after economies have reached a certain level of per capita income. Moreover, we fi nd some evidence that carbon leakage do not seem to play a role in the steel sector.

Keywords: Steel consumption; intensity of use-hypothesis; carbon leakage (search for similar items in EconPapers)
JEL-codes: C33 L61 Q53 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:zbw:rwirep:415

DOI: 10.4419/86788470

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