Steel in the Year 2000

"By the year 2000, the steel industry, not only in the United States but in the rest of the world, will undergo significant changes. On the other hand, there will be a number of areas in which change will be minimal.The current capacity of the industry worldwide is approximately 800-810 million metric tons. This may grow to some extent, as Third World countries install capacity. However, much of it will be neutralized as the industrialized countries shrink their current capacities.There will be several breakthroughs in terms of technology, some of which deal with the production of iron outside of the blast furnace. However, these processes will not be far enough advanced by that time to replace the blast furnace, rather they will supplement it.In terms of steelmaking and the subsequent rolling process, there should be a number of basic improvements. The strip mills will roll sheets with a very slight variance in gauge, which will give the customers a better product for automatic stamping machines. Ordinary carbon steel, in a number of instances, will be replaced by high-strength, low-alloy steel, which will reduce the tonnage necessary for present-day applications, such as construction.The corporate organization will be significantly changed as joint ventures and mergers will reduce the number of companies, as well as facilities in operation. This will enable the industry to reduce its capital investment and improve operating costs, so that it will be able more effectively to compete with other materials, such as plastics, cement, aluminum, etc."