and the United States show a weakness in both GDP and industrial production as GDP is forecast to grow less than 2.0% in both 2011 and 2012, as opposed to an expected 9.0% and 7.5% growth in 2012 for China and India, respectively. (Ref 1. World Economic Outlook: Slowing Growth, Rising Risks, IMF, September 2011." whose role in economic downturns have been severely criticised by Nobel Economist Joseph Stieglitz as one of a bad lot of players, The Major US Bankers, their followers, The anti-regulation lobby (lubby) The Frankenstein Labs for Innovation & Creativity of Wall Street, dixit JS)
I feel that I owe an atonement for neglecting this indispensable association of the worlds steelmakers is ever more a necessity.
cf. links below taken from their website - many important reports and statistics are freely available.
Before the reader rushes down to these links let me draw your attention to the green background. Whether intentional or I surmise not, I was already thinking along these such a line. Environmental demands which must be brought to bare on these brave tough masculine environments. Indeed the world Steel Association has drawn up a report entitled " Sustainable-steel-at-the-core-of-a-green-economy"
Sustainable-steel-at-the-core-of-a-green-economy.pdf
in particular let me draw the readers attention to Page 36 of the report
WHAT GOVERNMENTS AND POLICYMAKERS CAN DO TO HELP
I trust this may be of some help in our troubled Europe, in which the conservatives have raised a "hue & cry" for improved competitivity - ie more flexibility->lower wages (on average) at the lower levels, less people etc. Out side the industry the cry has reached top management (automobile industry - probably already squeezing the steelmaker to death- However I have never heard those who flex their vocal muscles and their financial clout to the extent of taking a huge cut in salary of the order of the crises they are so keen to underline.
I trust not everyone will enjoy reading this!
Key facts about the Steel industry
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