Chapter 10. Industry-Specific Environment, 1974-80

Tomio Imanari, Shigeya Adachi, Takuhiko Matsunaga, Yukihiro Mitsunaga, Fumio Kosugi and Hiroto Hidaka

Japanese Economy, 1999, vol. 27, issue 3, 71-92

Abstract: Japan's steel industry, which recorded the largest-ever crude-steel production of 119 million metric tons in 1973, entered a slow-growth stage after the first oil crisis in October 1973. As a result of lower demand in both the domestic and overseas (export) markets, crude-steel production hovered around 100 million metric tons per year between 1975 and 1978 (Table 1). Afterward, production increased slightly, but growth in quantity was no longer expected, as steel was being replaced in production of capital goods by other materials that were becoming lighter, thinner, shorter, and smaller.

Date: 1999
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DOI: 10.2753/JES1097-203X270371

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