The traditional method of material handling became obsolete during the industrial revolution. These traditional “by hand” methods got replaced by faster, more efficient alternatives. The conveyor belt was chief among these new methods. The steel industry was especially quick to adopt the modern methods. Speed
Steel, owing to its strength, affordability and ease-of-production, has been the most dominant Iron alloy and has been mechanizing our industries for several decades now, replacing other Iron compositions. However, even Steel, the backbone of our Civilization, is evolving along with newer technologies and necessities.
In a previous article, we talked about the different ways companies in the steel industry are saving money to remain competitive. Bringing costs down can help you and your steel business remain competitive, even in today’s economy. That said, not all savings are worth making.
To take investment decisions in the steel industry, steel price forecasting is necessary. Instability in steel price has been exceptional these days and the international steel markets. These sudden and wild swings in the international steel price have occurred rarely before. An econometric price forecasting
