Analysis on China's Iron and Steel Industrial Chain Based on Transaction Costs Theory

OpenAlex İngilizce

China's iron and steel industry plays an important role in the national economy,and more and more attentions of its healthy development have been given to it. This paper firstly represents basic theories on transaction costs,and then discusses different kinds of transaction costs in the operating procedure of china's iron and steel industrial chain using iron and steel industrial chain model combining with characters of the industrial chain. On this basis,steel and iron supply chain is introduced,and paper analyses its transaction costs and tests its feasibility. In conclusion,the establishment of the new system--steel and iron supply chain has a correct leading function for the extensive expansion of steel and iron industry recently.