800 % Increase In Steel Production Since 1952 When Queen First Sat On Throne
The 70yr reign of Queen Elizabeth ll saw many changes in the world and steel making.
Here is a great article from Hellenic Shipping News in Commodity News 28/09/2022
When Queen Elizabeth II ascended the throne in 1952, global crude steel production stood at 212 million tonnes. By the end of her reign, in 2022, it had climbed to 1.9 billion tonnes – a dramatic increase of 800 percent.
During the same time, annual finished steel use also rose, from approximately 85kg per head to around 233kg per head.
In the United Kingdom, steel production peaked in 1970, following a 25-year upward trend in the period after the Second World War. Output has subsequently declined, with 2022 set to record another reduction.
United States
In the early 1950s, the United States was in a wartime economy. The national government used price and wage controls, to keep the steel sector in operation. Due to economic and political pressures, however, this was ultimately unworkable.
As the industry became increasingly deregulated, the country’s output grew over the subsequent years, eventually peaking in the 1970s. Production volumes, in 2022, are on course to be at a similar level to those recorded at the start of the Queen’s reign.
Low-carbon future
