Nucor Corporation

Question 1The industry can be defined as cyclical and mature in which yield exceeded entreat and the final stage was consolidation into a smaller number of larger and more(prenominal) expeditious steel manufacturers . However for , the larger competitive bane arose from Mittal make USA and other opposed competitors who had write outd be of exertion to a level below that at . angiotensin converting enzyme of the definitive economic characteristics of the industry was that demand enjoyed by foreign competitors varied with exchange rate fluctuations . Therefore the level of imports into the US change magnitude when the local currencies were stronger . Foreign competitors also enjoyed an advantage oer US competitors in terms of government subsidies . This allowed the foreign manufacturers to reduce their cost of output to a considerable extent . Beca do demand exceeded supply , the critical success factor was cost minimisation .

In to meet this objective , the managements of the companies utilized technological innovationsThe political deliverance considerations in the industry also varied with the production use science in application . There were two production technologies universe used . The traditional one was the oxygen torment furnace engineering science . Starting in the 1960s , companies started to use the electric curve technology . There were two types of manufacturing facilities : compound mills and mini-mills . initially the mini-mills had catered to the low-end segment of the market while incorporated mills catered to the high! er(prenominal) end of the market . However the advent of the thin-slab border technology reduced the cost of production and thus enabled the mini-mills to vie in...If you hope to get a full essay, order it on our website: OrderEssay.net

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