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Distributed for University of British Columbia Press

Big Steel

Technology, Trade, and Survival in a Global Market

Distributed for University of British Columbia Press

Big Steel

Technology, Trade, and Survival in a Global Market

World steel production has grown dramatically as countries industrialize and add their own steel-producing capacity. China's prodigious expansion of steel output has increased the industry's natural vulnerability to oversupply and volatile prices. And the merger of the two largest steelmakers, Arcelor and Mittal, portends consolidation as a prime strategy for diversification and stabilization. This book examines the competition and survival strategies of the integrated steel industry from various vantage points including cost structures and technology, export pricing strategies, the economics of trade protection, Paul Krugman’s Nobel Prize-winning explanation of industrial diffusion and trade, and the prospects of cooperating closely with automakers. The industry's future, Big Steel shows, is cosmopolitan.


248 pages


Table of Contents

Preface

Acknowledgment

1 Introduction

2 A Tough Industry

3 Prices, Preferences, and Strategy

4 Trading Steel

5 Survival

6 Steel in a Global Perspective

Notes; Bibliography

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