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The Iron and Steel Industry in Asia: Development and Restructuring

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  • Sato, Hajime

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.

Suggested Citation

  • Sato, Hajime, 2009. "The Iron and Steel Industry in Asia: Development and Restructuring," IDE Discussion Papers 210, Institute of Developing Economies, Japan External Trade Organization(JETRO).
  • Handle: RePEc:jet:dpaper:dpaper210
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    File URL: https://ir.ide.go.jp/?action=repository_action_common_download&item_id=37959&item_no=1&attribute_id=22&file_no=1
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    References listed on IDEAS

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    1. Pack, Howard & Page, John Jr., 1994. "Accumulation, exports, and growth in the high-performing Asian economies," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 40(1), pages 199-235, June.
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    Cited by:

    1. Massa, Isabella, 2015. "Technological change in developing countries: Trade-offs between economic, social, and environmental sustainability," MERIT Working Papers 051, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    2. KAWABATA Nozomu, 2017. "Where is the Excess Capacity in the World Iron and Steel Industry? –A focus on East Asia and China–," Discussion papers 17026, Research Institute of Economy, Trade and Industry (RIETI).

    More about this item

    Keywords

    Steel; Industrial Development; Asia; Iron;

    JEL classification:

    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L61 - Industrial Organization - - Industry Studies: Manufacturing - - - Metals and Metal Products; Cement; Glass; Ceramics
    • N65 - Economic History - - Manufacturing and Construction - - - Asia including Middle East
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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