Political and commercial geology and the world's mineral resources
Science
Political and commercial geology and the world's mineral resources
Geology, Economic; Mines and mineral resources
The situation in Russia is so unsettled that a statement of present
conditions in the steel industry is valueless. It is reasonable to
assume, however, that the iron and steel situation will not materially
change as to operations and control. Moreover, it will be safe to
predict that Poland will develop more rapidly as an iron-ore producer
in the future, as she was handicapped in the past by restrictions on
exportation of ore.
=Belgium.=--Belgium has been negligible as a producer of iron ore but
has been a comparatively large importer of iron ore and manufacturer of
pig iron. The country ranked sixth as a producer of pig iron in 1913,
in which year it produced 147,048 tons of ore and imported 4,400,000
tons.[51]
[51] Board of Trade, “Reports on Iron and Steel,” London.
Belgian iron works were greatly damaged by the Germans during the war,
and probably some time will elapse before the industry again reaches
the position it occupied before the war. The country offers a good
market, however, for the iron ores of France and should in future years
be a larger producer of iron and steel wares.
Belgium is practically dependent upon outside sources for ore supply,
but is conveniently situated as a market for ores from many countries.
The total iron-ore reserves of the country have been estimated at
62,500,000 tons, not enough to last 10 years at the present rate of
consumption.
=Austria-Hungary.=--The former Austro-Hungarian Empire yielded in
recent years 2 to 3 per cent. of the annual iron-ore production of the
world, and about 2 per cent. of the pig-iron production; therefore it
has been of minor importance in the iron industry. The ore reserves
have been estimated at 284 million tons of available ore, and 807
million tons additional of probable ore.
The present unsettled conditions will probably result in considerable
change in the operation and control of the iron mines and works.
Eventually the upheaval may stimulate the iron industry, but the result
should not materially alter the international position.
=Japan.=--The iron and steel industry of Japan is of small magnitude
as compared with that of the United States, Germany, Great Britain,
and other leading iron and steel manufacturing countries. The total
reserves of iron ore are probably not much more than 60 million tons,
or less than has been mined annually in the Lake Superior district in
recent years. The steel-making industry is expanding rapidly, however,
and at present blast furnaces, steel-making furnaces, and steel mills
are being erected in Japan, Korea, Manchuria, and China by Japanese
interests.
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