The Iron and Steel Industry in Asia: Development and Restructuring

Sato Hajime

No 210, IDE Discussion Papers from Institute of Developing Economies, Japan External Trade Organization(JETRO)

Abstract: The paper examines the development and restructuring of the iron and steel industryin Asian countries. Studying countries that have integrated steelworks with largeblast furnaces (South Korea, Taiwan, China and India) and countries without(Thailand, Indonesia and Malaysia), the paper shows the difference in thedevelopment processes across the countries and across time, and points to thediversity of the development experience of these countries. The paper argues thatsignificant differences in steel production technologies in terms of initial investmentand minimum-efficient scale, the changing role of the state, and shifting demandstructures in the domestic steel markets of each country have been the importantfactors that led to the differences in the development path of the steel industry ineach country.

Keywords: Steel; Industrial Development; Asia; Iron (search for similar items in EconPapers)
JEL-codes: L52 L61 N65 O14 (search for similar items in EconPapers)
Date: 2009-08-01
New Economics Papers: this item is included in nep-cwa and nep-sea
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Citations: View citations in EconPapers (4)

Published in IDE Discussion Paper = IDE Discussion Paper, No. 210. 2009-08-01

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