@liveankit

Some thought provoking, and few far fetched long term considerations... 1. Most people will stop buying cars in a decade-and-a-half (prediction that 95 per cent of all US passenger miles travelled will be addressed by fleets, not individuals, by 2030) 2. People will increase renting of assets (over buying these) because they will never be sure of where they would be living a few years hence. 3. The cost of commute will become the 'next telecom' (virtually free, that is). 4. Most cars will be made from recycled steel, as a result of which ore companies will go belly-up. 5. The large steel sector debt will not be able to be returned to banks. 6. Electric cars, with around 18 moving parts compared with 10,000 for the usual petrol-driven variety, would accelerat the death of the automobile components industry. 7. The demise of the auto component industry will affect the global alloys steel sector (including ore and ferr