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This volume examines the influences of technology and international trade policies on the troubled U.S. steel industry. Does leadership in technology guarantee competitive advantage in industrial markets? Or do the costs of production and the lack of investment capital offset technological gains for the domestic steel industry? Which international trade policies can help this industry, and which may be harming it? With these and other questions in view, The Competitive Status of the U.S. Steel Industry estimates global trends in steel trade, discusses patterns of production and consumption, and analyzes the possible effects of alternative governmental policies on this critically important industry.
By the end of the 1980s, the once mighty U.S. steel industry seemed on its last legs, with more than a quarter of a million jobs lost overseas. Yet today the industry stands again as a world-class competitor. This fascinating book illuminates the forces behind this remarkable comeback, illustrating valuable lessons for managers in any business now battling the global marketplace. 12 illustrations.
This paper reviews the decline in the U.S. steel industry during the past three decades and relates this decline to changes in the industry`s international competitive position. The paper also provides a review of trade policy in the area of steel since the late 1960s, and concludes that the decline in the U.S. steel industry occurred in spite of some form of protection against imports almost continuously since 1969. The paper concludes by contrasting the decline in the importance of the integrated U.S. firms with the emergence of a new, highly competitive class of U.S. steel producers, known as quot;mini-millsquot.
This book examines the current difficulties facing the U.S. steel industry and policy options to tackle them.