The iron industry is one of the most important industries of the world not only because of the money it enters, but also because of the importance of this material in the construction of elements that we use daily.
Airplanes, cars, motorbikes, trains, machinery in general, among others are some of the products that use steel as raw material. Not only that this material is necessary for their construction but also most of the tools with which they are made rely on steel.
Although its paramount importance for the world economic development, this industry has been affected by various factors that go from the reduction of imports, the reduction of growth of countries such as China: an aspect that affected the most important steel producer of the words, enterprises full of debts, to the scandals in Japan regarding the problems in the fabrication with byproducts of this material.
In Venezuela, SIDOR is the enterprise in charge of working with this material. It has endured a prolonged decrease in its production due to management problems that have not allowed this enterprise to get back in the path of success even if the enterprise was private and give important benefits to the Venezuelan economy.
A global market that is marked by the price fluctuations and the reduction of the demand, but with stocks at good levels, believes in the stabilization of China and the increase of the demand in order to give more jobs that go along with what is expected to be a vital sector of our society.
India is one of the countries that play an important role when it comes to steel in a global level. The demand has increased, the imports decreases but measures were taken in order to avoid that steel of other countries entered this countries to be commercialized in a mayor scale.
