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OverviewSteel prices remain at historically elevated levels. The rapid growth of steel production and demand in China is widely considered as a major cause of the increases in both steel prices and the prices of steel-making inputs. Steel companies have achieved much greater pricing power, in part through an ongoing consolidation of the industry. Most of the integrated side of the industry, nearly half of U.S. production, is controlled by just two companies: U.S. Steel, the traditional industry leader, and Mittal Steel, itself the result of multiple international mergers. Moreover, Mittal in 2006 merged with the global number-two producer, Arcelor. Nucor and Gerdau have been active major consolidators of U.S. minimill production. U.S. steel production in 2005 was 104.6 million tons, a 5% decline from the high level of 2004. The net decline in output was mainly on the integrated side of the industry, which has continuously lost share. Imports also fell from the high level of 2004, although they rebounded by nearly 50% in early 2006. Input prices, especially ferrous scrap and iron ore, remain high and have contributed to higher production costs, which have been largely passed along to industrial consumers. The growth of China contributed to a large increase in demand for both steel and steel-making inputs. China has become both the world's largest steel-maker and steel consumer. This new book presents the latest analyses on this critical industry. Full Product DetailsAuthor: Stephen CooneyPublisher: Nova Science Publishers Inc Imprint: Nova Science Publishers Inc Dimensions: Width: 21.50cm , Height: 0.80cm , Length: 14.00cm Weight: 0.188kg ISBN: 9781604563139ISBN 10: 1604563133 Pages: 110 Publication Date: 01 June 2008 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: Out of stock  The supplier is temporarily out of stock of this item. It will be ordered for you on backorder and shipped when it becomes available. Table of Contents"Preface; Introduction; Current State of the Steel Industry; U.S. Production and Employment; North American and Global Steel Industry Consolidation; Arcelor Mittal: Global Industry Giant; North American Restructuring Affects Other U.S. Companies; Building New U.S. Mills; Local Ownership Ends at Canadian and Mexican Mills; Labour Relations Issues; World Steel Output Totals; U.S. Import Patterns; Steel Price Trends and Developments; Steel Prices Remain at a High Plateau; Steel Input Costs; Steel Scrap; Rise in the Price of Iron Ore; The Cost and Supply of Coke; The Price of Natural Gas; Shipping Costs; The Impact of the Growth of China; China as a Steel Producer, Consumer, and Exporter; China's Proposed Steel Industry Restructuring; The U.S. WTO Case Against Chinese Subsidies; Chinese Measures to Restrain Steel Exports; China's Foreign Investment Policy on Steel; Congressional Reaction to Competition from China; Steel Policy Issues; Failure to Achieve a Global Steel Subsidies Agreement; Repeal of the Byrd Amendment; Industry Petitioners Lose Wire Rod Antidumping Case -- Pursue Others; President Bush Denies Relief in China Safeguard Case; ITC Revokes Duties for Steel Flat Products in 2006; ITC Broadly Upholds Steel AD/CVD Tariffs in 2007; WTO Decision on ""Zeroing"" and Proposed U.S. Trade Law Changes; Index."ReviewsAuthor InformationTab Content 6Author Website:Countries AvailableAll regions |
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