Economic aspects of the East Asian steel industry

Research output: ThesisDoctoral Thesis

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Abstract

[Truncated] The East Asian steel industry has experienced rapid growth in recent decades, with crude steel consumption increasing from 144 million tonnes (Mt) in 1980 to 329 Mt in 2000. Concomitant with this growth in consumption has been significant expansion in steel-making capacity and iron ore imports into the region. Continued growth in steel consumption within East Asia will provide ongoing marketing opportunities for iron ore producers. Given that iron ore is one of the largest export earning industries within Australia, the future of steel consumption within the East Asian region is of considerable importance to the Western Australian and Australian economies.In order to assess the impact of continued growth in the East Asian steel industry on iron ore exports from Western Australia, the objectives of this thesis are as follows. Firstly, to develop models to forecast steel consumption in each of the steel consuming countries of East Asia. Secondly, to explore the nature of the relationship between steel consumption and economic activity, given that steel consumption is a derived demand dependent upon production in steel consuming sectors of the economy. Thirdly, to forecast the adoption of electric arc furnace steel-making technology in Japan. Finally, to quantify the impact on the Western Australian economy of continued growth in iron ore export volumes to East Asia.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • The University of Western Australia
DOIs
Publication statusUnpublished - 2002

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