Author : Daniel Madar
Release : 2010-01-01
Genre : Business & Economics
Kind : eBook
Book Rating : 753/5 ( reviews)
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Book Synopsis Big Steel by : Daniel Madar
Download or read book Big Steel written by Daniel Madar. This book was released on 2010-01-01. Available in PDF, EPUB and Kindle. Book excerpt: World steel production has grown dramatically as countries industrialize and add their own steel-producing capacity. China's prodigious expansion of steel output has increased the industry's natural vulnerability to oversupply and volatile prices. And the merger of the two largest steelmakers, Arcelor and Mittal, portends consolidation as a prime strategy for diversification and stabilization. This book examines the competition and survival strategies of the integrated steel industry from various vantage points including cost structures and technology, export pricing strategies, the economics of trade protection, Paul Krugman's Nobel Prize-winning explanation of industrial diffusion and trade, and the prospects of cooperating closely with automakers. The industry's future, Big Steel shows, is cosmopolitan.