Steel demand and steel consuming industries in China

Author

Sun, Jianmiao ; Zhang, Qun ; Liu, Guy

Author_Institution

Manage. Sci. & Eng., Univ. of Sci. & Technol. Beijing, Beijing

Volume

1

fYear

2008

fDate

12-15 Oct. 2008

Firstpage

881

Lastpage

885

Abstract

This study analyzed the relationship between steel demand and supply in steel industry in China. Cointegration, vector auto regression (VAR), vector error correction model (VECM) and Granger causality are applied on yearly data set covering the period 1978-2005. The major findings of the paper are: (1) the apparent steel consumption is cointegrated with the machine-tool production and floor space of building under construction; (2) there are two-way Granger causality between steel consumption and the two steel consuming industries: machinery and construction.

Keywords

construction industry; machinery production industries; steel; steel industry; supply and demand; FeCJk; Granger causality; construction; machine-tool production; steel consuming industries; steel demand; steel industry; vector auto regression; vector error correction model; Aerospace industry; Buildings; Construction industry; Error correction; Floors; Industrial relations; Metals industry; Production; Reactive power; Steel; cointegration; steel industry; vector auto regression; vector error correction model;

fLanguage

English

Publisher

ieee

Conference_Titel

Service Operations and Logistics, and Informatics, 2008. IEEE/SOLI 2008. IEEE International Conference on

Conference_Location

Beijing

Print_ISBN

978-1-4244-2012-4

Electronic_ISBN

978-1-4244-2013-1

Type

conf

DOI

10.1109/SOLI.2008.4686523

Filename

4686523