Srikar ReddyMemberMarch 14, 2022 at 4:25 PM
The first line graph compares the steel production and the demand in the UK in 2010 while the second one shows the employee number in the industry in the same year. Overall, the production of steel was higher throughout the year than that of the demand in December and the highest number of employees was employed in this industry at the beginning of the year.
According to the first graph, the UK produced 4000 million ton steel in January 2010 and at that time the demand was exactly half of that. After the first quarter, the production and needs for steel remained almost the same. At the end of the second quarter, August, the UK’s steel production stool at just over 3 thousand million ton against a million ton less demand. From January to November, the production was higher than the demand and the gap between these two was on average a million ton.However,the things changed at the end of the year.In December, the demand for steel exceeded the total production.
The second line graph shows that 5 million employees worked in the steel industry and this number dropped to two million less in April. From that time onward, the employee number showed some fluctuations and in August, the UK steel sector employed around 3.5 million workers. This number continuously dropped throughout the rest of the year and declined to 1 million in December.