Subject category:
Economics, Politics and Business Environment
Published by:
IBS Case Development Center
Length: 9 pages
Data source: Published sources
Topics:
Global steel industry; International Iron and Steel Institute (IISI); China Iron and Steel Association (CISA); Arcelor Nucor United States Steel Corp; Mittal Steel Company Tata Steel Corus; Chinese steel industry; Iron and Steel Statistics Bureau; Business environment; Real estate and construction industry; Raw material prices; Oversupply and demand downturn; Global steel market; Capacity expansion plans; Global steel consumption; Industry consolidation
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Abstract
The global steel industry''s performance was robust during the year 2004 and the industry experts predict that such robust performance will continue throughout 2005 and 2006. On the contrary, some analysts cautioned that the industry would face a downturn in the near future and an oversupply of steel into the global market by the Chinese steel industry would be the reason for the downturn. But others were of the opinion that other factors, like an exorbitant rise in the prices of raw materials, would be the real reasons behind the projected downturn in the fortunes of the global steel industry. The case helps in understanding the current scenario in the global steel industry and the projected change in the fortunes of the industry. The case provides scope for discussion on whether oversupply by the Chinese steel industry or other factors, like an increase in the raw material prices, would be responsible for the change in the fortunes of the industry.
About
Abstract
The global steel industry''s performance was robust during the year 2004 and the industry experts predict that such robust performance will continue throughout 2005 and 2006. On the contrary, some analysts cautioned that the industry would face a downturn in the near future and an oversupply of steel into the global market by the Chinese steel industry would be the reason for the downturn. But others were of the opinion that other factors, like an exorbitant rise in the prices of raw materials, would be the real reasons behind the projected downturn in the fortunes of the global steel industry. The case helps in understanding the current scenario in the global steel industry and the projected change in the fortunes of the industry. The case provides scope for discussion on whether oversupply by the Chinese steel industry or other factors, like an increase in the raw material prices, would be responsible for the change in the fortunes of the industry.