Competencia, rendimientos crecientes y exceso de capacidadla industria siderúrgica mundial (2000-2014)

  1. Rodríguez Liboreiro, Pablo
Journal:
Cuadernos de economía ( Santafé de Bogotá )

ISSN: 0121-4772

Year of publication: 2019

Volume: 38

Issue: 76

Pages: 137-172

Type: Article

DOI: 10.15446/CUAD.ECON.V38N76.61257 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

More publications in: Cuadernos de economía ( Santafé de Bogotá )

Abstract

After fifteen years of expansion spurred by strong demand, the steel industry is facing an overcapacity problem that affects all major producing countries in the world. This is explained by the strong competition that has characterized the recent  evelopmentof the sector and has forced competing companies to form large reserves of capacity to capture market against rivals and exploit increasing returns to scale to lower their costs production. Thus the growing demand in terms of minimum scale has forced companies to undertake major expansions of its capacity to meetthe requirements set by global competition. The contradiction between this pattern of expansion, as determined by criteria of efficiency, with respect to the pattern of steel demand, typically cyclical, explains the formation of a large excess capacityworldwide.

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