Nucor Corporation

Question 1The industry can be defined as cyclical and mature in which planning exceeded entreat and the stopping point was consolidation into a smaller number of larger and more(prenominal) efficacious 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 primal economic characteristics of the industry was that demand enjoyed by foreign competitors vary 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 be of product to a considerable extent . Beca persona demand exceeded supply , the critical success factor was cost minimisation .

In to meet this objective , the managements of the companies utilized technological innovationsThe political providence 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 arrest furnace engineering science . Starting in the 1960s , companies started to use the electric curve technology . There were two types of manufacturing facilities : integrate mills and mini-mills . initially the mini-mills had catered to the low-end segment of th e market while incorporated 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 argue in...If you hope to get a full essay, order it on our website: OrderEssay.net

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