Word: steel
(lookup in dictionary)
(lookup stats)
Dates: during 1960-1969
Sort By: most recent first
(reverse)
...island economy is preparing for its most ambitious single undertaking. In six months, construction will begin on a steel-producing complex at an estimated cost of $250 million...
...next phase-an iron-reduction and steelmaking plant that will be operation al by 1976. The site for the complex will be the southern port of Kaohsiung into which will flow slab and billet for the first stage and, later, iron ore from Australia to produce the finished steel...
Packaged Mill. Before President Chiang Kai-shek gave the 11 project his support, businessmen and government officials spent 18 months studying a stack of reports from steel experts. Several factors argued with some persuasiveness against the effort. Among them: the proximity of Japan's burgeoning steel mills and the relatively small demand for semi-finished steel on the island, now amounting to 500,000 tons a year...
...advocates of the plan pointed out that demand should double in a decade. More important, they predicted that steel production could trigger a new era of industrial growth. So far, Taiwan's businessmen have concentrated on light manufacturing items such as electronic components and consumer goods; a steel plant could produce a heavy-machinery industry and give further impetus to the country's infant shipbuilding efforts...
Responsible for Taiwan's getting into the steel business is Minister of Economic Affairs K. T. Li, 58, who is quick to play down his role. "The market dictates everything," says Li. "I dictate nothing." But Li's part in the island's economic emergence is well known. Educated at Cambridge University, he interrupted his graduate physics studies in 1937 and returned to China to help in the war effort. Li became an industrial planner, ran an iron-and-steel works, then set up a shipyard in Shanghai before moving to Taiwan when the mainland fell...