Steel Industry Overview Essay

2029 words - 8 pages

Steel Industry OverviewHistoryFrom the late 19th century until the years following World War II (W.W. II), the United States (U.S.) steel industry was the largest in the world, at times manufacturing over half of the world production of metal. After W.W. II, however, both Europe and Japan rebuilt their steel plants from the ground up, replacing old furnaces with newer equipment, efficient technologies, and operating their industries, often with the help form the respective governments. Eventually, other newly industrialized countries (Brazil, China, and South Korea) built their own industries combining low wages with low priced steel in every market, to include the U.S.OverviewThe U.S. steel industry is a $60 billion enterprise. There are more than 800 firms operating in all but a few states. The absolute number of integrated mills (producing steel in basic oxygen furnaces) has always been relatively small and is currently about 20. The industry employs over 189,000 people nationwide. The steel industry (including iron production) is one of the largest energy consumers in the manufacturing sector and has invested more than eight billion in environmental controls.Recessions in the 1970's and 1980's decreased the growth in the world steel demand. In the U.S., the expansion of the scrap based mini mill side of the industry increased the pressure of the old-line integrated mills. U.S. capacity was reduced from a peak of an annual 160 million tons to 115 million tons in the early 1990's. Unemployment from the steel industry itself was at 30.3% due to capacity reductions.The steel industry today is vital to both economic competitiveness and national security. Steel is the backbone of bridges, skyscrapers, railroads, automobiles, and appliances. Most grades of steel in use today, particularly high strength steels that are lighter and more versatileSteel Industry Overview 3were not available ten years ago. Steel is the most recyclable and recycled material in North America.SWOTT AnalysisStrength-The steel industry has rebounded to some extent, too late for some. The industry has aligned itself to be more efficient with new technologies that will produce quality steel more cheaply and without negative environmental impacts. Among technological advances, the overall productivity of basic oxygen-furnace steel making is being improved with new bottom blowing and ladle refining techniques. Coke making, a difficult process to control environmentally, will be fitted with advanced control systems. Using new methods for injecting coal and other fuels needs will reduce Coke.Weakness-The American Steel industry is susceptible to their foreign competitors. The glory days of the steel industry are over. China, our biggest competitor for steel, is closing in on the steel industry. As with the car industry, the steel industry reacted too late and now is trying to be competitive with what is left over from all of the steel mill closures. The North American Free Trade...

Find Another Essay On Steel Industry Overview

Bridgeton Essay

522 words - 2 pages Bridgeton Industries 'Case Analysis' The domestic auto industry at one time was dominated by the U.S automobile manufactures. The American Component & Fabrication Plant (ACF), was a major supplier of quality OEM components to the Big Three domestic auto manufacturers, and was the original plant for Bridgton Industries (Bost, 1993). The low cost of fuel and continued market growth in this industry proved very lucrative for ACF, resulting in

How can Sustainable Tourism best be developed in Homestead, Pennsylvania? A Comprehensive Plan for Sustainable Tourism.

3468 words - 14 pages Weaknesses Opportunities and Threats (SWOT) analysis of the site, in addition to a market and product profile.IntroductionHomestead, Pa was formerly a part of a vast steel industry for approximately 100 years. The Homestead Works, the steel manufacturing plant located in Homestead, Pa, provided the U.S. and the world with a vast amount of steel. After the industry began to fade in the 1960's and even more so when the plant finally shut down in the

Mexico And Venez Trade In The Natural Gas Industry

1112 words - 4 pages growing population, and a series of economic crises.The Economy: Mexico is a semi-industrialized country with manufacturing output which includes many basic goods including steel, machinery, and petrochemicals, as well as a wide range of consumer goods. With a free market economy made up of agriculture and a mixture of both modern and outdated industry, it is becoming increasingly dominated by the private sector(state-owned enterprises falling from

Marketing Business Plan

5609 words - 22 pages ;……………………………………………1. IntroductionBGKN Ceramic Steel is a public limited company located in Sittard, The Netherlands. It is a small-medium enterprise consisting of 30 employees. Their main focus is to serve the infrastructure industry such as rail ways, metro stations and tunnels.Our product, ceramic steel, is a combination of glass

Analysis: San Jose Mercury News

1253 words - 6 pages Introduction The following report provides an overview of San Jose Mercury News which includes history, current economic and financial conditions, performance, competition, key issues and a firm analysis. Type of Industry San Jose Mercury News is a firm in fragmented industry with more than 20 years in ranking among the top five prints in the United States in total full run advertising linage. Historical Aspects San Jose Mercury News

Management Planning for Halliburton

1643 words - 7 pages in violation of government ethics., Retrieved on November 17, 2008 from http://findarticles.com/p/articles/mi_hb5554/is_/ai_n21835993BNet, (2004), Rising Steel Prices Cause Contractor Woes-Construction Industry., Retrieved on November 18, 2008 from http://findarticles.com/p/articles/mi_m3601/is_30_50/ai_11463118C-Span, (2005), Retrieved on November 17, 2008 from http://www.c-spanarchieves.org/congress/?q=node/77531&id=7312548Halliburton

Economy of Belgium

1894 words - 8 pages world.For most of its history, Belgium's economy was based on the nation's manufacturing capabilities. The country was the first in continental Europe to undergo the Industrial Revolution, and through the 19th century it was a major steel producer. Large coal deposits helped fuel the industrialization. At the same time, agriculture began to decline. This decline was even more pronounced after World War II, and by 2000, agriculture only accounted for a

TOYOTA

4412 words - 18 pages Analysis of Toyota Motor Corporation By: Thembani Nkomo This paper will explore the external and internal environment of Toyota Motor Corporation, and suggest recommendations to sustain its competitive advantage. Analysis of Toyota Motor Corporation by Thembani Nkomo ANALYISIS OF TOYOTA MOTOR CORPORATION TABLE OF CONTENTS 1 COMPANY OVERVIEW 2 EXTERNAL ENVIRONMENT OF THE AUTOMOTIVE INDUSTRY 2.1 Industry Overview and Analysis 2.2 Industry Life

The Application of Aluminium in Automobile Sector

2076 words - 8 pages it must be note down that these properties of aluminium propose it the best and ideal aspirant for replacing the heavy materials such as copper and steel in car and other luxury vehicles for full filling the requirement of automobile industries of weight reduction. In this essay we will discuss the recent development in application of aluminum alloy in casting, metal forming and extrusion process for automobile industries. We will consider two

Country Risk Analysis-Japan

2685 words - 11 pages of the businesses therefore, that factor is a high risk for any company looking to go global. In this paper Aluminum USA will perform an in-depth risk analysis considering conducting business in Japan.Potential and Foreign Trade and InvestmentThe basic need potential for Aluminum U.S.A means growth for a domestic company to enter the realm of globalization. Aluminum USA is considering merging into the Japan's already successful automobile industry

Humans are Responsible for Global Warming

997 words - 4 pages recorded since 1958. Humans, Carbon Dioxide & the Atmosphere Human activity adds to the carbon dioxide levels in the atmosphere. Three sources that add carbon dioxide to the atmosphere include the use of fossil fuels, deforestation and industry. Burning fossil fuels including coal and oil based products releases carbon dioxide into the atmosphere increasing carbon dioxide levels. “Burning of fossil fuel accounts for fifty-two to sixty five

Similar Essays

Eco/360 Industry Overview (The Steel Industry)

4335 words - 17 pages exchange rates. Economic indicators such as these are valuable tools for businesses, individuals, industries, and governments. The ones analyzed within this paper will show how they have affected and continue to affect the steel industry.Forecasts based on the latest data and in-depth analysis of sectoral trends, while theory based, can greatly assist any industry. An overview of key industry players, market developments, and production and regulatory

A Brief Analysis Of The Steel Industry

1511 words - 6 pages Steel Industry In the early part of this century was a time when industry was booming with growth around the installation of major railroads. With this growth came the transatlantic cable, the telegraph, and a whole lot of steel. Steel would be needed in the construction of these new transportation systems and communications were now possible between businesses and industries. (Wren, 2005) This paper will first discuss the development of

An Essay On U.S. Trade Barriers And Protectionism.

3142 words - 13 pages from 1989 through 2000 shows that the steel industry increased production in a greater proportion to the demand; this led to it making a loss after 2000. In 2000, the economy slowed down and with the excess capacity at hands and reduced demand, prices of steel plummeted, leading to loss making in the steel industry. The political rationale behind this move can be explained by applying the Grossman-Helpman model of decision theory.An overview of

Overview Of Beer Industry In America Beer Industry Overview As Well As How Anheuser Busch And Others Have Stayed On Top.

1635 words - 7 pages . The age group of 21-24 year old people is only accountable for 8% of our population but consumes 14% of the beer industry. Anheuser-Busch has stated "Beer Drinkers Tend to Be Young, Ethnically Diverse, and Blue Collar". (Anheuser-Busch; Beer Industry Overview; 2001) As far as trying to expand sales of beer goes, both craft brewers and major brewers are going against trends of moderation; consumers are drinking less in the belief that this is