It’s been a bumpy ride for the steel industry. According to analysis by partners Oleksandr Kravchenko and Benedikt Zeumer and colleagues, prices for commodities along the steel value chain reached record highs in 2021. Russia’s invasion of Ukraine in 2022 created supply chain disruptions and uncertainties that caused prices to spike further. Now, industry players are bracing for more volatility amid slowing demand for steel and a push for decarbonization. In response, leaders can consider strategies including strengthening the raw-material supply chain and doubling down on technological agility. Click through the interactive to see more.
To read the article, see “The resilience of steel: Navigating the crossroads,” April 18, 2023.