Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/266552 
Year of Publication: 
2022
Series/Report no.: 
Working Paper Series in Production and Energy No. 68
Publisher: 
Karlsruhe Institute of Technology (KIT), Institute for Industrial Production (IIP), Karlsruhe
Abstract: 
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.
Subjects: 
technology adoption and diffusion
steelmaking
electric arc furnace
comparative energy prices
ARDL model
JEL: 
D24
O14
O33
Q49
C22
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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