China's Iron Ore Boom - 9780367143909

Taylor & Francis

China's Iron Ore BoomAuthor(s): Luke W. L. Hurst\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9780367143909, 978-0367143909\nSynopsis\nChinas emergence as the worlds second largest economy has been driven by more than four decades of explosive growth. To support this expansion, China has required massive expansion in its steel production capacity, which is highly correlated to its demand for iron ore imports. The scale and pace of Chinas iron ore demand shock has pushed the global iron ore market into a historical adjustment. \n\nUsing economic frameworks, this book brings to bare new data and field observations throughout Asia and Africa to investigate how the rapid growth in Chinas iron ore demand has affected the organisation and structure of the global iron ore market. The research provides several important contributions to the extant literature including analysis of whether the Big Three Asian market iron ore exporters co.