Abstract
Abstract The primary objective of the article is to identify conditions of restructuring from the point of view of Polish steel industry by using Cobb and Douglas model (C-D). Both in European economies and Polish economy, the steel industry is included to important branch of industry. The steel sector has been a permanent component of the Polish economy. Restructuring of metallurgy in Poland has been realized since 1990s. Finally after several years of changes (in the first decade of the 21st century) steel plants adjusted theirs operations to market economy conditions. Nowadays we think that the steel sector has competitive position on the domestic and European markets but if it is truth. On the base of C-D model, the author of the article presents results of the statistical analysis and answer the question about influence property and employment on production in steel industry. Obtained relations between particular components of production function show the condition of steel industry in Poland.
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