What is the approximate global per capita consumption of steel?

100 kg 150 kg 233 kg 300 kg

Which country is the leading producer of steel globally?

India United States China Russia

What are the primary raw materials used in steel production?

Iron ore and limestone Coking coal and aluminum Iron ore and coking coal Limestone and bauxite

Which of the following steel production methods primarily utilizes scrap steel?

Basic Oxygen Furnace (BOF) Electric Arc Furnace (EAF) Sintering Pellet Processing

What is the key characteristic of a price-taker business?

Ability to independently set product prices Significant influence over competitor pricing Limited control over product pricing due to external factors Strong resistance to external market forces