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International Business Case Study #2: The U.S. Steel Industry Miriam Gonzalez Falcon Executive Summary Steel trade has been an important industry, from a strategic perspective, as it U.S. weapons production, ship building, etc, ...and from a national perspective, as steel is an important input for products like cars, washing machines, etc...Over the past 100 years, the U.S. steel industry has gone from producing 37% of the worlds steel to approximately 15%. Also since the 1960's, the growth in steel production has leveled off due the increase in the use of plastics and the technological improvements in manufacturing. U.S. steel costs are normally higher in the U.S. due to the wages and benefits productions to employees and retires; in 1976, import restrictions imposed had little effect, hence U.S. steel is still considered of lower quality. By 2002, 31 U.S. steel companies filed for bankruptcy protection. Given the situation, there are a number of strategies that U.S....

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