Steelmaking technology and energy prices: The case of Germany

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Working Paper Series in Production and Energy ; No. 68

Classification and Topics

• Classification: 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
• Subject: technology adoption and diffusion ; steelmaking ; electric arc furnace ; comparative energy prices ; ARDL model

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Britto, Anthony ; Kraft, Emil ; Dehler-Holland, Joris
• Event: Veröffentlichung
• (who): Karlsruhe Institute of Technology (KIT), Institute for Industrial Production (IIP)
• (where): Karlsruhe
• (when): 2022

Further information

• DOI: doi:10.5445/IR/1000153214
• Handle: http://hdl.handle.net/10419/266552
• Last update: 10.03.2025, 11:44 AM CET