The line graphs illustrate the production and demand for steel, measured in million tonnes, as well as the number of laborers employed in the steel manufacturing industry in the UK during 2010.
Overall, it is evident that in 2010, the demand for steel peaked from January to April. However, by December, both production and demand had declined. Throughout the year, the demand for steel fluctuated, but notably, demand in December rose compared to the amount produced. Additionally, there was a significant negative impact on employment, as many workers left the steel industry.
To start with, in January, steel production ranged from 4,000 to 5,000 million tonnes. In April, there was a notable decrease in production, dropping to 4,000 tonnes. Production remained stable at this level until August, where demand continued to fluctuate, reaching around 2,000 million tonnes. By the end of the year, not only was steel production low, but demand also increased compared to production levels.
Furthermore, the number of laborers employed in January was over 5,000. However, there was a significant decline by April, as employment fell from 5,000 to 3,000 due to decreased steel production. As the year progressed and production remained low, more workers left the industry, resulting in a drop in employment from 3,000 to 1,000 by December.