Metals and Related Products

Product Explanation

The steel industry, the business of processing iron ore into steel, which in its simplest form is an iron-carbon alloy, and in some cases, turning that metal into partially finished products or recycling scrap metal into steel. The steel industry grew out of the need for more durable and more easily produced metals. Technological advances in steelmaking during the last half of the 19th cent. Played a key role in creating modern economies dependent on rails, automobiles, girders, bridges, and a variety of other steel products. At the moment, many different alloys are used in many products because they all have some special property. Basic metal production experienced a boom in recent years due to a significant increase in commodity prices. New investments, in most developing countries in the form of FDI, created new possibilities for employment and development.