Case Study: The essential of upstream steel mill toward the growth of Thailand economy
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This paper attempts to evaluate the total impact of the essential of the investment of upstream steelwork for Strengthen Thailand’s economy. The paper examines the development and restructuring of the iron and steel industry in ASEAN countries in order to lead to the investment of the Upstream Integrated Steelwork in Thailand as the ASEAN’s hub. Studying countries that have integrated steelworks with large blast furnaces (South Korea, Taiwan, China and India) and countries without (Thailand, Indonesia and Malaysia). The paper points that significant differences in steel production technologies in terms of initial investment and minimum-efficient scale, the changing role of the state, and shifting demand structures in the domestic steel markets of each country have been the important factors that led to the differences in the development path of the steel industry in each country, thus, Thailand would need this kind of upstream integrated industry in order to shift and stand as the HUB of ASEAN and Detroit of Asia.