Research Handbooks in Business and Management series
Edited by John R. Bryson, Jennifer Clark and Vida Vanchan
Chapter 17: Traditional and emerging markets in the global steel supply chain
Over the last 15 years, global steel consumption has more than doubled from 765 million metric tons in 1998 to 1.584 billion metric tons in 2013. Not surprisingly, most of this increase was due to rapid industrialization in China and, to a lesser extent, India. These nations have been rapidly expanding their infrastructure and industrial output, driving up both their demand for steel and their productive capacity. In combination with technological change, the forces of globalization have significantly transformed the industrial organization of manufacturing, as illustrated in the other case studies in this handbook. The steel industry is no exception. Rapid changes in the technology of production and the size of global markets have restructured both the supply chain that supports the production of steel and the location and ownership of the major players within the steel industry.
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