Handbook of Manufacturing Industries in the World Economy
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Handbook of Manufacturing Industries in the World Economy

Edited by John R. Bryson, Jennifer Clark and Vida Vanchan

This interdisciplinary volume provides a critical and multi-disciplinary review of current manufacturing processes, practices, and policies, and broadens our understanding of production and innovation in the world economy. Chapters highlight how firms and industries modify existing processes to produce for established and emerging markets through dynamic and design-driven strategies. This approach allows readers to view transformations in production systems and processes across sectors, technologies and industries. Contributors include scholars ranging from engineering to policy to economic geography. The evidence demonstrates that manufacturing continues to matter in the world economy.
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Chapter 17: Traditional and emerging markets in the global steel supply chain

Carey Durkin Treado


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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