21051

Prediction of Iron and Steel Consumption of Iran Using Panel Data

364

368

5

Considering the different usages of iron and steel in industrial activities and their efficient role in economic development, the prediction of the amount of iron and steel consumption has always been one of the concerns of experts and planners. In the present study for prediction of the amount of iron and steel consumption from 2004 to 2014 the method used by Croupton and generalized by Robert is adopted. The studied iron and steel are mainly used in the construction of buildings, dikes, bridges, tunnels, watering networks and draining. The consumption of iron and steel depend on the mean of consumed steel in each of given production units (MPC), relative portion of each unit production from the total amount of raw production and the rate of GDP. Based on prediction, the consumption of iron and steel will increase drastically till 2011 and the amount of consumption development will be fixed from 2004 to 2008.

1205088