World Outlook for Iron Source Demand —Comparison with Energy Outlook—

Abstract

To maintain the sustainable use of iron source, there are global challenges due to mass effect such as the recent rapid growth in steel consumption, a large impact on climate change etc. Although R&D of iron and steel has been made for years, there is still significant potential of technological innovation to solve those challenges with a greater unified effort by the industry-academic-government. Therefore, it is necessary for deciding the amount of R&D's investment to share the common world-wide iron source demand outlook based on engineered researches of mathematical modeling and continual improvement, which lag behind those of energy. As it is expected to improve models of long-term forecasting of world iron source demand, priority issues are to specify the driver which governs the demand, and formulate a simple and rational hypothesis of the linkage.