Perspectives on the International Competitive Position of the U.S. Steel Industry
Author | : Lloyd Kenward |
Publisher | : |
Total Pages | : 20 |
Release | : 2006 |
ISBN-10 | : OCLC:1291212407 |
ISBN-13 | : |
Rating | : 4/5 (07 Downloads) |
Book excerpt: 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.