Economic Environment: Globalization & the Wood Products Industry
Column
Economic Environment: Globalization & the Wood Products Industry
- China’s growth spurred 79 percent of the growth in global demand for steel in 2003, causing steel prices to rise.
- In 2004, the Chinese economy consumed 28 percent of the world’s steel and 36 percent of the cement.
- By contrast, the U.S. consumes 13 percent of the world’s steel and only 5.2 percent of the world’s cement.
2005 March