IDEAS home Printed from
   My bibliography  Save this article

The restructuring of the Spanish integrated steel industry in the European panorama (1971-86): A lost opportunity


  • Pablo Diaz-Morlan
  • Antonio Escudero
  • Miguel Saez


Spanish steelmaking policy in the 1970s and early 1980s was not especially different from that of the main European countries. The political transition was a tense experience that heightened the problems and made economic policy decisions harder to reach, but it did not cause a fundamental divergence from the rest of Europe. What made the steel restructuring policy fail and forced a new and costly restructuring in the 1990s, was the decision of the Socialist government, newly elected in 1982, to opt for maintaining the inland steelworks instead of the coastal steelworks. Its motives were related to the locations of these steelworks in socially and politically sensitive areas. The closure of Sagunto marked the end of the only real possibility of Spain having a competitive integrated steelworks in terms of its integration into Europe.

Suggested Citation

  • Pablo Diaz-Morlan & Antonio Escudero & Miguel Saez, 2009. "The restructuring of the Spanish integrated steel industry in the European panorama (1971-86): A lost opportunity," Business History, Taylor & Francis Journals, vol. 51(4), pages 547-568.
  • Handle: RePEc:taf:bushst:v:51:y:2009:i:4:p:547-568
    DOI: 10.1080/00076790902998496

    Download full text from publisher

    File URL:
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    1. Susan N. Houseman, 1991. "Industrial Restructuring with Job Security: The Case of European Steel," Books from Upjohn Press, W.E. Upjohn Institute for Employment Research, number snh1991, November.
    2. Eric Godelier, 2006. "Usinor - Arcelor, du local au global," Post-Print hal-00263067, HAL.
    3. Wolter, Frank, 1977. "Perspectives for the international location of the steel industry," Kiel Working Papers 60, Kiel Institute for the World Economy (IfW).
    Full references (including those not matched with items on IDEAS)


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Berumen, Sergio A., 2012. "Evaluación del impacto de la política de incentivos sectoriales en el desarrollo de los municipios mineros de Castilla y León," Journal of Economics, Finance and Administrative Science, Universidad ESAN, vol. 17(33), pages 15-30.


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:bushst:v:51:y:2009:i:4:p:547-568. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Chris Longhurst). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.