1st Edition

The Economics of the East Asia Steel Industries
Production, Consumption and Trade

Edited By

Yanrui Wu

ISBN 9781138387263
Published November 23, 2020 by Routledge
375 Pages

USD $39.95

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Book Description

First published in 1998, the objective of this book is to provide a detailed examination of steel production, consumption and trade in East Asia. Specifically, it addresses steel trade and investment environment in East Asia and forecasts steel price movement in the future. In addition, a major focus in this book is the investigation of the metals industry in China, Asia's emerging steel giant. Finally, one chapter of the book also documents the resource sector in Western Australia, one of the world's major sources of iron ore.

Rapid economic growth over the past decade has significantly changed the gravity of Asia in the world economy. This trend has particularly been strengthened by the awakening giant, China, whose economy has been growing continuously at a two-digital rate since the late 1970's. Asian countries together have now consumed as much as steel as the developed economies. As a result, Asia as a region has become the key to the expansion of the global steel industry in the future.

Table of Contents

1. Introduction and Overview. Yanrui Wu. 2. Iron and Steel Trade in Souteast Asia and the World. MoonJoong Tcha. 3. Intensity of Steel Use and Environments in Southeast Asia. MoonJoong Tcha. 4. China’s Metals Industry (I). Yanrui Wu. 5. China’s Metals Industry (II). Yanrui Wu. 6. World Demand for Metals. Yanrui Wu. 7. Analysis of Steel Prices. MoonJoong Tcha and Larry A. Sjaastad. 8. Steel Price Projections. MoonJoong Tcha and Paul J. Kim. 9. Trade Complementarity: Western Australia and Korea. Robert A. Greig.

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’If you are interested in steel in East Asia, especially the region’s impact on world steel markets, then this book is for you. You will want to see its data, analysis and projections. The depth of its treatment of China’s metal industries is a highlight.’ Dr Christopher Findlay, University of Adelaide, Australia ’Any economist interested in steel markets will want this edited volume of papers. The book - focusing especially on the countries of southeast Asia and China - represents a good mix of data, description and sophisticated economic modeling of production, consumption, trade and prices.’ Roderick G. Eggert, Professor, Colorado School of Mines, US and Editor, Resources Policy ’...provides very useful insights into the shifts in global patterns of metals consumption...the presentation is clear and the underlying analysis solid and well explained.’ Asian Pacific Economic Literature