Nucor Corporation

Question 1The industry pile be defined as cyclical and mature in which return exceeded entreat and the end point was consolidation into a littler number of large and more(prenominal) efficient steel manufacturers . However for , the larger competitive bane arose from Mittal brace USA and other hostile competitors who had write outd be of exertion to a level at a lower place that at . angiotensin converting enzyme of the fundamental economic characteristics of the industry was that look at enjoyed by foreign competitors alter with exchange rate fluctuations . thereof the level of imports into the US increase when the local currencies were stronger . Foreign competitors as well enjoyed an advantage oer US competitors in terms of governing subsidies . This allowed the foreign manufacturers to reduce their salute of outturn to a goodish extent . Beca go for demand exceeded supply , the critical success promoter was cost minimisation .

In to meet this objective , the managements of the companies use technological innovationsThe political parsimoniousness considerations in the industry in addition varied with the production utilise science in finishing . There were two production technologies universe used . The handed-down one was the oxygen honk furnace engineering science . first in the 1960s , companies started to use the electric curve engineering science . There were two types of manufacturing facilities : structured mills and mini-mills . initially the mini-mills had catered to the low-end section of the marketplace while co-ordinated mills catered to the higher(prenominal) end of the market . However the advent of the thin-slab plaster bandage technology reduced the cost of production and thus enabled the mini-mills to manage in...If you hope to get a full essay, order it on our website: Ordercustompaper.com

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