Since 1990s, consolidation has been transforming steel industry across the globe from a fragmented one to a consolidated one. Steel Production in the 21st century is shared among 5 major trading blocs that account for over 85% of production in terms of volume. These include Japan & Korea, China, North America, Europe & Turkey, Russia & Ukraine. Currently, global steel production is above 1bn tonnes and is expected to reach 1.5bn tonnes by 2015-2020. ...
