A major stumbling block preventing the construction of critical infrastructure is cost. As construction costs rise, the ability of many cash-strapped developing nations to finance such expensive projects declines. A contributing factor to rising cost is transportation, particularly for heavy, unwieldy metal structures and supplies.
Thus, increasing access to steel produced through more efficient platforms and within easy shipping distances can make investment in roads, bridges, ports, hospitals, schools and community centers more feasible. A local steel production plant also seems to spur additional infrastructure growth, and the construction of ports, railways and highways, which often follows the construction of a steel facility, is critical for development. Such plants can result in long term benefits for surrounding communities, including the creation of new jobs and complementary economic opportunities.
In addition, the availability of high quality, lower cost, local steel can contribute to growth in automotive, white goods, electronics and other manufacturing industries.
Our investments in steel and other primary metals, aluminum and copper, aim to:
Improve the competitiveness of metal producers in the developing world to ensure their long term viability
Support environmental upgrades to reach international standards