Predicting Metal Consumption: The Case of US Steel
Document Type
Article
Publication Date
3-1990
Department
College of Business
Abstract
This paper develops a general model that can be used to explain past trends in metal consumption and to make long-term forecasts of metal requirements. The model identifies four apparent determinants of consumption that are explained by underlying economic trends. This framework is applied to the case of US steel consumption over the 1963-83 period and the model explains 73% of the variation in consumption over that period. The underlying economic variables are then projected into the future to yield forecasts to the year 2010, indicating slow growth in the use of steel in the USA.
Publication Title
Resources Policy
Recommended Citation
Roberts, M.
(1990).
Predicting Metal Consumption: The Case of US Steel.
Resources Policy,
16(1), 56-73.
http://doi.org/10.1016/0301-4207(90)90018-7
Retrieved from: https://digitalcommons.mtu.edu/michigantech-p/5642
Publisher's Statement
© 1990