scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 2,052
Steel Industry Overview History From the late 19th century until the years following World War II WW II the United States US steel industry was the largest in the world at times manufacturing over half of the world production of metal After WW II however both Europe and Japan rebuilt their steel plants from the ground up replacing old furnaces with newer equipment efficient technologies and operating their industries often with the help form the respective governments Eventually other newly industrialized countries Brazil China and South Korea built their own industries combining low wages with low priced steel in every market to include the US Overview The US steel industry is a 60 billion enterprise There are more than 800 firms operating in all but a few states The absolute number of integrated mills producing steel in basic oxygen furnaces has always been relatively small and is currently about 20 The industry employs over 189000 people nationwide The steel industry including iron production is one of the largest energy consumers in the manufacturing sector and has invested more than eight billion in environmental controls Recessions in the 1970s and 1980s decreased the growth in the world steel demand In the US the expansion of the scrap based mini mill side of the industry increased the pressure of the old-line integrated mills US capacity was reduced from a peak of an annual 160 million tons to 115 million tons in the early 1990s Unemployment from the steel industry itself was at 303 due to capacity reductions The steel industry today is vital to both economic competitiveness and national security Steel is the backbone of bridges skyscrapers railroads automobiles and appliances Most grades of steel in use today particularly high strength steels that are lighter and more versatile Steel Industry Overview 3 were not available ten years ago Steel is the most recyclable and recycled material in North America SWOTT Analysis Strength-The steel industry has rebounded
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA