#ReportByIA
The two line graphs illustrate the fluctuations in steel demand and production, as well as the number of workers employed in the industry over a one-year period.
Overall, despite intermittent variations, all three figures exhibited downward trends, with production and employment experiencing sharper declines than actual demand. By the end of the year, demand for steel surpassed production.
At the beginning of the year, steel production peaked at approximately 5,000 million tonnes, while actual demand was significantly lower at 3,000 million tonnes. Simultaneously, the workforce reached its highest point at 6,000 workers. However, from February onwards, a sharp decline was observed in employment, which plummeted to 3,000 by March and remained relatively stable until mid-year. Similarly, production dropped below 4,000 million tonnes by March and showed little variation until July. Meanwhile, actual demand fluctuated between 2,000 and 3,000 million tonnes before plunging to zero in November, only to recover to 2,000 million tonnes in December.
In the latter half of the year, production experienced a temporary resurgence, peaking at nearly 5,000 million tonnes in July, before experiencing a dramatic decline, plummeting to under 1,000 million tonnes by December. Unlike demand, which saw some recovery at the end of the period, production did not rebound. Employment followed a similar pattern, peaking at 3,500 in August before steadily declining to just 1,000 workers by the end of the year.
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@IzzatAbdullaev⚡️