Steel

Sanjaya Lall

Chapter 5 in Learning to Industrialize, 1987, pp 75-109 from Palgrave Macmillan

Abstract: Abstract The iron and steel industry is a mature industry, highly prized by newly industrializing countries as a ‘basic’ industry which provides a crucial input into practically all forms of industrial development. The technology is highly capital-intensive and, some minor exceptions apart, is also increasingly scale-intensive. Except for very high quality, specialized steels, the process technology is well diffused, and can be imported readily on an arm’s-length basis in the form of engineering services and equipment. The technology of iron-steel manufacture, and the major improvements in it, are highly embodied in the capital equipment; however, the nature of the process necessitates complex engineering, and consulting firms are a critical element of technology transfer and implementation.

Keywords: Blast Furnace; Continuous Casting; Coke Oven; Steel Plant; Open Hearth (search for similar items in EconPapers)
Date: 1987
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-18798-0_5

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DOI: 10.1007/978-1-349-18798-0_5

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