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Downstream beneficiation: A cross-country analysis of factors underlying the emergence of a steel industry

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  • Ghebrihiwet, Nahom
  • Kinda, Tidiane

Abstract

This paper empirically investigates the major factors that have supported the development of steel industries across countries. While technological capacity has become an important enabling factor for steel production in recent years, the demand for steel and the availability of energy (electricity and metallurgical coal imports) have remained key elements over time. In emerging and developing economies, the availability of raw materials, namely the production of iron ore, was also identified as an additional determining factor for steel production. In advanced economies, domestic demand for steel has been an important factor driving steel production. The results are robust to alternative specifications, additional control variables, and the use of various processes for steel production.

Suggested Citation

  • Ghebrihiwet, Nahom & Kinda, Tidiane, 2021. "Downstream beneficiation: A cross-country analysis of factors underlying the emergence of a steel industry," Resources Policy, Elsevier, vol. 70(C).
    • Handle: RePEc:eee:jrpoli:v:70:y:2021:i:c:s0301420720310035
    DOI: 10.1016/j.resourpol.2020.101975
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Steel production; Steel export; Enabling factors; Iron ore; Electricity; Metallurgical coal imports;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • L72 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Other Nonrenewable Resources

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