U.S. Steel

information contained in the case, conduct a five-forces analysis of the U.S. Steel industry. What conclusion can you draw from this? Degree of Rivalry: Mini mills were being used by the foreign competition which mean they were able to produce steel at less expensive rates passing that on ot their customers. Barriers to entry: Starting in the 1970's since there were no trade barriers companies overseas were able to manufacture and sell steel for a much lower price here in the United States therefore affecting

Nucor Corporation is the second largest steel manufacturer in the United States. Nucor’s approach to steel production and steel products is predicated upon drastically undercutting both foreign and domestic competition, risk-taking, and visionary thinking. Nucor launched the steel mini-mill industry in the late 1960s (Reference for Business, 2017). Since then, mini-mills have increasingly edged the large mix steel companies out of most steel markets and led by Nucor in the late 1980s. Nucor’s is

Nucor began as a steel company under the new leadership of F. Keeneth Iverson in 1964. By 1985, Nucor became the seventh-largest steel company in North America. Nucor is now well-known and also the second largest steel company in the U.S. Nucor offers steel and variety of steel products. Nucor is known for its innovation and technological excellence in the production process, streamlined organizational structure, and incentive-based compensation plan. Nucor’s relationship with its employees is the

first of steel producer in the U.S., and the first “mini-mill” operator, with operating facilities in 14 states. Nucor’s products include sheet steel, bar, structural, plate and others. The company was known for its aggressive pursuit of innovation and technical excellence, rigorous quality system, environmentally friendly products. Nucor’s core strategy is that of cost leadership through the use of technology; it is known as being the low-cost provider. Most business is conducted in the U.S., but the

As well as J.P. Morgan, Andrew Carnegie was certainly another individual who assumed great leadership and transformed the ways of the U.S. economy during the Gilded Age. He concentrated his works on the Steel industry. He helped the United States switch from an agricultural and commercial nation to the greatest industrial nation in the world. A document published by Gale: Cengage Learning even stated, “In years of recession and depression he kept running his plants, undercutting competitors, and

3. Please apply Porter’s Five Forces model to the steel industry. propose whether you think the steel industry is attractive industry or not an attractive industry. The first force is competition in the industry and competition between firms in the steel industry is very high. There is intense competition at both the domestic and global level. In order for a firm to be profitable in the steel making industry, production levels need to be high, capacity levels need to be high, and workers have

position as one of the largest steel producers in the United States by carefully monitoring costs and paying attention to the needs of its markets. This strategy of providing its customers with a competitive product at competitive prices has brought success and growth to Nucor, in sales, income, and stock price. Recently, however, the control of the organization has been brought into question. The recent announcement of a joint venture between Nucor and U.S. Steel to develop, test, and bring on line

Threat of Substitutes — The threat of substitutes facing Nucor was moderate. On one hand, although demand for steel had declined in recent years as noted above, it was not predicted to decline further as of 1986. On the other hand, with the advent of materials such as aluminum, plastic, and composite materials, especially in automobile industry, the threat of substitutes

Andrew Carnegie, born November 25, 1835 in Dunfermline, Scotland, was the owner of Carnegie Steel Corporation; one of the biggest of its kind in the world. Carnegie moved to the United States at the age of twelve with his parents after his father, a handloom weaver, was gradually replaced with power looms. Carnegie was from a poor family and could not afford an education, but he always had access to books and through reading was able to educate himself, at least a little. Once in America he worked

forces in the steel industry would be technology evolution. The change in the steel making technology has transformed the steel industry. Market growth has a huge impact in the development of the steel industry, strategies, profitability, and efficiency. Market and competition is a factor to consider when looking at the long run of this industry. New innovative technologies such as advance computer systems, physical models, and artificial intelligence can be used and incorporated in the steel manufacturing