Why does steel play an important role in trade agreements?

Why does steel play an important role in trade agreements?

Knife blades, bicycles or skyscrapers – there is hardly a material that takes so many shapes as steel. The economy, industries and society benefit from the sturdy all-purpose material in a multitude of ways. Steel is a success story, because it makes live easier for people in many respects. International trade is the precondition for this.

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