The globalization trend in the world steel trade, which has increased rapidly until 2000, has been showing a localization trend since 2000. In 1975, the share of international trade in total world steel production, which was 22.6%, increased to 39.2% by 2000. After 2000, globalization in the world steel trade was replaced by nationalization / localization, and the share of exports in production fell from 39.2% in 2000 to 25.1% in 2019.
In the world steel trade, the place of globalization left to localization,
- Moving the production facilities to the points where the consumption is and approaching the production where the consumption is done,
- Increased trade disputes and trade wars,
- Rapid publication of protectionist measures,
- Traditional steel importer countries reach their self-sufficient steel production volumes
such elements were cultivated.