ABSTRACT
This chapter states that scale of consumption in the middle east, Africa and Latin America is not greatly superior to that in Asia. It examines the iron and steel industry in the underdeveloped countries. The underdeveloped countries are divided into four groups: Latin America, Africa, Middle East, India and South-East Asia, and Australasia. The similarities between the geological history of Africa and of South America are reflected in their mineral endowment. This chapter examines the prospects for industrial development of the Middle East, South-East Asia, and Japan. It has recently been reported that work on an iron and steel plant was to begin in 1958 with capital supplied by the Soviet Union and Western Germany. Expansion of engineering and chemical industries may result in more and better agricultural equipment and fertilizers. A recent United Nations estimate attributes to the arbitrarily defined underdeveloped countries considerably over half the world's iron-ore.
