Arbeitspapier

Steelmaking technology and energy prices: The case of Germany

We examine the relationship between the choice of steelmaking technology and energy prices in Germany using data beginning 1970. The analysis indicates that technology choice began to cointegrate with comparative energy prices in the early 90s. The short and long-run effects of energy prices are captured in a partial adjustment model; the ratio of electricity to coal prices is seen to exert sizeable influence on the short and long-term deployment of the electric arc furnace for secondary steelmaking. If current trends in energy prices continue, the share of secondary steelmaking in total steel production is expected to increase rather slowly.

Sprache
Englisch

Erschienen in
Series: Working Paper Series in Production and Energy ; No. 68

Klassifikation
Wirtschaft
Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
Industrialization; Manufacturing and Service Industries; Choice of Technology
Technological Change: Choices and Consequences; Diffusion Processes
Energy: Other
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
Thema
technology adoption and diffusion
steelmaking
electric arc furnace
comparative energy prices
ARDL model

Ereignis
Geistige Schöpfung
(wer)
Britto, Anthony
Kraft, Emil
Dehler-Holland, Joris
Ereignis
Veröffentlichung
(wer)
Karlsruhe Institute of Technology (KIT), Institute for Industrial Production (IIP)
(wo)
Karlsruhe
(wann)
2022

DOI
doi:10.5445/IR/1000153214
Handle
Letzte Aktualisierung
10.03.2025, 11:44 MEZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Arbeitspapier

Beteiligte

  • Britto, Anthony
  • Kraft, Emil
  • Dehler-Holland, Joris
  • Karlsruhe Institute of Technology (KIT), Institute for Industrial Production (IIP)

Entstanden

  • 2022

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