Monthly Archives: March 2017

Innovation in steelmaking

In a previous article, we discussed how the real prices of commodities tend to fall in the long term (i.e. once adjusted for inflation).

While there are a number of factors contributing to this, perhaps the most important is that of technological advance.

A recent article in The Economist highlights this argument with regard to the steel industry. The article discusses the growing application of two different steelmaking techniques – Castrip and Belt Casting.

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