World steel production has grown dramatically as countriesindustrialize and add their own steel-producing capacity. China'sprodigious expansion of steel output has increased theindustry'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 andstabilization. This book examines the competition and survivalstrategies of the integrated steel industry from various vantage pointsincluding cost structures and technology, export pricing strategies,the economics of trade protection, Paul Krugman's NobelPrize-winning explanation of industrial diffusion and trade, and theprospects of cooperating closely with automakers. The industry'sfuture, Big Steel shows, is cosmopolitan.
- ISBN10 0774858753
- ISBN13 9780774858755
- Publish Date 1 January 2010 (first published 15 April 2009)
- Publish Status Active
- Publish Country CA
- Imprint University of British Columbia Press
- Format eBook
- Pages 248
- Language English