Nucor Corporation

Question 1The industry can be defined as cyclical and mature in which provide exceeded entreat and the outcome was consolidation into a smaller number of larger and more(prenominal) in effect(p) steel manufacturers . However for , the larger competitive bane arose from Mittal brand USA and other opposed competitors who had write outd be of takings to a level below that at . angiotensin converting enzyme of the essential economic characteristics of the industry was that demand enjoyed by foreign competitors change with exchange rate fluctuations . Therefore the level of imports into the US increase 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 yield to a consider able extent . Beca put on demand exceeded supply , the critical success factor was cost minimisation .

In to meet this objective , the managements of the companies utilized technological innovationsThe political miserliness considerations in the industry also varied with the production utilise science in application . There were two production technologies universe used . The traditional one was the oxygen bankrupt furnace engineering science . Starting in the 1960s , companies started to use the electric curve technology . There were two types of manufacturing facilities : structured mills and mini-mills . initially the mini-mills had catered to the low-end segment of the market w hile unified mills catered to the higher(pr! enominal) end of the market . However the advent of the thin-slab shape technology reduced the cost of production and thus enabled the mini-mills to fence in...If you hope to get a full essay, order it on our website: OrderEssay.net

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