Year: 2026
Type: report
Abstract: Comprehensive re-examination challenges conventional wisdom that domestic steel production is essential for economic development. $150 billion for 100 million tonnes capacity could alternatively fund 75 million solar installations, 30,000km high-speed rail, or comprehensive digital infrastructure. Of global production, 99% consists of commodity grades readily available internationally whilst 1% genuinely strategic products can be secured through targeted stockpiling. Singapore and Nordic economies demonstrate prosperity without comprehensive steel industries offers superior outcomes versus capital-intensive, environmentally problematic steel production creating 30-year carbon lock-in.
Author: Kotas, Andrzej M.
Language: English
Subfield: Mechanical Engineering
Field: Engineering
Domain: Physical Sciences
Open Access status: gold
OpenAlex ID: W7134238734
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