Meeting the Challenge : U.S. Industry Faces the 21St Century the Basic Steel Industry

By Cyert, R. M.

Book Id: WPLBN0000694624
Format Type: PDF eBook:
File Size: 1.30 MB
Reproduction Date: 2005

Title:	Meeting the Challenge : U.S. Industry Faces the 21St Century the Basic Steel Industry
Author:	Cyert, R. M.
Volume:
Language:	English
Subject:	Technology., Reference materials, Technology and literature
Collections:	Techonology eBook Collection
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Citation APA MLA Chicago M. Cyer, B. R. (n.d.). Meeting the Challenge : U.S. Industry Faces the 21St Century the Basic Steel Industry. Retrieved from http://gutenberg.cc/

Description
Technical Reference Publication

Excerpt
Foreword: For over a decade there has been widespread and increasing concern that the ability of the United States to achieve sustained economic growth and long-term prosperity is adversely affected by declining industrial competitiveness. The President and Congress, in a bipartisan response, have introduced a wide range of programs and policies directed toward improving U.S. competitiveness.

Table of Contents
TABLE OF CONTENTS PAGE FOREWORD................................................................................................... 5 EXECUTIVE SUMMARY .................................................................................. 7 INDUSTRY CONDITION .................................................................................. 9 The World Steel Industry............................................................................. 9 The U.S. Industry Structure ...................................................................... 11 The U.S. Industry Position in World Markets ........................................ 14 Comparison of U.S., Japanese, and Korean South Companies ........... 17 FINANCIAL PERFORMANCE......................................................................... 21 Overview ..................................................................................................... 21 Operating Ratios ......................................................................................... 21 Return on Assets ...................................................................................... 22 Cost Components ................................................................................... 24 Cash Flows and Capital Investments .................................................... 25 Pensions ....................................................................................................... 27 INDUSTRY DRIVERS .................................................................................... 29 Economic Climate....................................................................................... 29 Infrastructure .............................................................................................. 30 Technology Developments ..................................................................... 30 Technology Implementation and Efficiency ......................................... 33 Raw Materials........................................................................................... 34 Management and Labor .......................................................................... 37 High-Performance Workplace ................................................................ 39 Social Costs .............................................................................................. 40 Research and Development .................................................................. 40 Education and Training ......................................................................... 43 Government Regulations ......................................................................... 43 EVOLVING MARKETS ................................................................................. 47 Automotive ................................................................................................. 47 Construction ................................................................................................ 48 Appliances ................................................................................................... 48 Containers .................................................................................................... 49 Oil and Gas .................................................................................................. 49 MAJOR FACTORS INFLUENCING COMPETITIVENESS................................... 51 Technology ................................................................................................... 51 Thin-Slab Casting ..................................................................................... 51 Ironmaking ................................................................................................ 51