The analysis of the correlation between the economic growth and crude steel production in the period 1991-2011

The use of steel in the production of rolled necessary to any economy has determined a continuous increase of production. In the context in which this metal has become a foundation for the entire world, the steel production can be considered an important economic indicator in the analysis regarding the performance of a company. The purpose of this work is to analyze the trend of the crude steel production and the correlation between this and the economic growth. The data used were reported to a set of six countries for the period 1991 to 2011. The results obtained demonstrate the fact that the economic growth rate influence the production of crude steel, but in different proportions from a country to another.