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Books > Business & Economics > Industry & industrial studies > Construction & heavy industry > Iron, steel & metals industries
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A Profile of the Steel Industry (Paperback)
Loot Price: R653
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A Profile of the Steel Industry (Paperback)
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Steel companies were at the birth of the modern business
corporation. The first billion dollar corporation ever formed was
US Steel in 1901. By the mid-Twentieth Century the steel mill and
the automobile plant were the two pillars upon which the Twentieth
Century industrial economy rested. Given the scale of capital and
operations, vertical integration was seen to be pivotal, from the
raw materials of iron ore and coal on one end of the supply chain
to the myriad of finished products on the other. By the end of the
century, however, things had dramatically changed. The dominance of
the steel industry by the United States was being challenged by
competitors abroad. Perhaps conceding defeat, U.S. Steel companies
spun off assets and businesses in order to focus on core
operations. Even more critical, a common assumption had arisen by
then that, moving into the new millennium, the growth of the U.S.
economy would be less reliant upon manufacturing and more reliant
upon services and information. It was widely perceived that the
country was moving from an industrial age into an information age,
driven by high technology.That process is now being reversed. It
now appears that the death knell of the manufacturing economy in
the United States was premature. A rejuvenation of the steel
industry is underway and that rejuvenation is of global
proportions. For the first time, steel companies exist that are
truly global in scope; and because steel and manufacturing are
inseparable, the fate of the North American steel industry depends
on whether the United States and Canada conclude that manufacturing
matters. At the center of the current financial crisis is the
imbalance between the trade surplus countries (China and Germany)
and the deficit countries (most everybody else). The financial
uncertainty persists. What is certain is that a rebalancing of the
world economy will require a rejuvenation of advanced
manufacturing.The proposed book will offer a concise history of the
steel industry; a presentation of the economics of the industry; an
overview of how the industry operates and the environment in which
it operates; a discussion of regulation of the industry; a
documentation of the reasons why a rejuvenated steel industry will
be critical to the economic health of the United States and Canada;
and a rationale for the reemergence of the steel industry in
particular, and manufacturing in general, as a vital force in the
North American economy of the new millennium.
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