The graph illustrates the production and demand of steel in U. K. for span of three decades. Overall it shows that the demand for steel has been decreasing and so has the production also which has resulted in increase of steel imports. Along with decrease in manufacturing it has also caused continuous decline in personnel linked with steel industry.
The requirement of steel in U. K. was at peak during 1970 which has shown continuous downfall since the upto 1990 after which it has almost became stable. Along with decrease in demand the production of steel has also gone down with a continuous rate upto 1990 continued with straight line thereafter. U. K. was self sufficient in year 1970 for steel as import was negligible. But during the course of time with decrease in production dependency on imports have been increased drastically and by 2000 it shows almost equal amount of making and purchasing of steel.
Due to obvious reasons of decrease in production and increase in imports have resulted in huge amount of unemployment in the sector.
The graph illustrates the
production
and demand of
steel
in U. K. for span of three decades.
Overall
it
shows
that the demand for
steel
has been decreasing and
so
has the
production
also
which has resulted in increase of
steel
imports
. Along with
decrease
in manufacturing it has
also
caused continuous decline in personnel linked with
steel
industry.
The requirement of
steel
in U. K. was at peak during 1970 which has shown continuous downfall since the
upto
1990 after which it has almost
became
stable. Along with
decrease
in demand the
production
of
steel
has
also
gone down with a continuous rate
upto
1990 continued with straight line thereafter. U. K. was
self sufficient
in year 1970 for
steel
as
import
was negligible.
But
during the course of time with
decrease
in
production
dependency on
imports
have
been increased
drastically
and by 2000 it
shows
almost equal amount of making and purchasing of steel.
Due to obvious reasons of
decrease
in
production
and increase in
imports
have resulted in huge amount of unemployment in the sector.