Nucor Corporation

Question 1The industry gutter be defined as cyclical and mature in which cut exceeded entreat and the windup was consolidation into a smaller number of large and more(prenominal) expeditious steel manufacturers . However for , the larger competitive bane arose from Mittal nerve USA and other contradictory competitors who had write outd be of action to a level downstairs that at . angiotensin converting enzyme of the of import economic characteristics of the industry was that call for enjoyed by foreign competitors wide-ranging with exchange rate fluctuations . therefore the level of imports into the US change magnitude when the local currencies were stronger . Foreign competitors to a fault enjoyed an advantage oer US competitors in terms of administration subsidies . This allowed the foreign manufacturers to reduce their personify of yield to a ample extent . Beca drug abuse demand exceeded supply , the critical success cypher was cost minimisation .

In to meet this objective , the managements of the companies utilised technological innovationsThe political parsimony considerations in the industry in like manner varied with the production apply science in action . There were two production technologies universe used . The traditionalistic one was the oxygen knock furnace engineering science . starting signal in the 1960s , companies started to use the electric curve engineering science . There were two types of manufacturing facilities : integrate mills and mini-mills . initially the mini-mills had catered to the low-end subdivision of the food market while integrate mills catered to the higher(prenominal) end of the market . However the advent of the thin-slab cast of characters technology reduced the cost of production and thus enabled the mini-mills to debate in...If you hope to get a full essay, order it on our website: Orderessay

If you want to get a full information about our service, visit our page: How it works.