Transformation of the World Steel Market Under the Influence of General Industrialization and Digitalization of Industry

Abstract

The current global transition to a new phase of development under the influence of the Fourth industrial revolution is characterized by the emergence of end-to-end technologies, increasing the speed of introduction of new developments, reducing the life cycle of products, the emergence of new players, strengthening trends in digital transformation. Against the background of the formation of the digital economy, a limited group of leading countries focused on the use of renewable resources and possessing advanced production technologies is emerging.