SEGMENTATION OF THE EU COUNTRIES IN TERMS OF THE METALLURGICAL INDUSTRY

1 ROKICKI Tomasz
Institution:
1 Warsaw University of Life Sciences, Warsaw, Poland, tomasz_rokicki@sggw.pl
Conference:
26th International Conference on Metallurgy and Materials, Hotel Voronez I, Brno, Czech Republic, EU, May 24th - 26th 2017
Proceedings:
Proceedings 26th International Conference on Metallurgy and Materials
Pages:
2283-2287
ISBN:
978-80-87294-79-6
ISSN:
2694-9296
Published:
9th January 2018
Proceedings of the conference were published in Web of Science and Scopus.
Metrics:
38 views / 16 downloads
Abstract

In this paper, the segmentation of the EU countries in terms of the production of crude steel conditioned by economic parameters was conducted. The study period concerned the years 2005-2014. 5 groups were distinguished, in which similar correlations between parameters occurred. Particular countries were affected differently by the economic crisis effects. The conducted segmentation of the countries for 2009-2011 allowed for a statement that major changes in the metallurgical production occurred in this period. The situation in the construction and industry was of particular importance; however, the strength of impact was varied. Generally, in countries affected by crisis in construction industry, crude steel production fell. As a result of the segmentation for 2005-2014, one group included countries with different levels of economic development. The most important factor was not the level of economic development, but its change. As a consequence, one group included countries with a stable economic situation, and another one countries affected by the economic crisis. There were also intermediate groups. For the segmentation for 2009-2011, regularities were even more visible.

Keywords: steel industry, macroeconomic indicators, steel production, Ward method
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