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Author : Richard Preston
Publisher : Prentice Hall
Page : 296 pages
File Size : 54,5 Mb
Release : 1991
Category : Business & Economics
ISBN : UOM:39015019838567
The story of Nucor's billion dollar gamble to build a steel mill in Crawfordsville, Indiana.
Author : Roger S. Ahlbrandt,Richard J. Fruehan,Frank Giarratani
Publisher : Oxford University Press
Page : 198 pages
File Size : 47,6 Mb
Release : 1996-11-07
Category : Business & Economics
ISBN : 9780198026778
By the end of the 1980s, the once mighty U.S. steel industry seemed on its last legs. More than a quarter of a million jobs had been lost, and communities like Pittsburgh and Bethlehem were devastated. Yet today, the industry again stands as a world-class competitor. In The Renaissance of American Steel, Roger Ahlbrandt, Richard Fruehan, and Frank Giarratani illuminate the forces behind this remarkable comeback, drawing valuable lessons for managers not only in the steel business but in any business now battling the global marketplace. Citing evidence from a wide range of companies in the U.S., the U.K., and Japan, and clearly explaining the basics of steel production, the authors show how the industry's rebirth resulted both from the downsizing of big companies and the rise of minimills capturing markets from the larger companies. They describe how large, traditional firms--including U.S. Steel, British Steel, and Nippon Steel--recognized that they had to reduce the scope of their operations and reorganize to become more competitive. U.S. Steel CEO Tom Graham, for instance, closed plants and refocused the firm's resources on the market for flat-rolled products. The book also examines how minimills--such as Nucor, Birmingham Steel, Oregon Steel, Tokyo Steel, and Co-Steel Sheerness--have redefined the industry's structure and competitive dynamics. Nucor, in particular, has emerged as the leader among the minimills--the largest electric furnace-based steel company in the U.S., with annual sales exceeding $3 billion. The reader learns how CEO Ken Iverson, recognizing the opportunities to be seized if Nucor moved beyond traditional products (such as steel joists and rebar), created the most innovative steel mill in the world, with a consistent record of investing in new technologies to lower operating costs and to move into sophisticated, value-added products. Throughout the book, the authors offer sharp insights into the steel industry in the U.S. and abroad--but more important, they highlight the lessons to be learned for managers in all industries. The authors conclude, for instance, that success for both large and small steel producers depends on a critical interplay of factors that touch on leadership, new technologies, and decentralized management. Effective leaders, the authors find, don't micromanage; they set a goal for the company and communicate it broadly to gain employees' commitment. High-performing companies aggressively seek technical know-how, even if it means purchasing it from foreign competitors or securing joint agreements. And finally, successful companies decentralize, empowering employees far down in the organization to handle daily decisionmaking. This in-depth analysis of a radically changed industry speaks volumes about the value of flexibility in business. It is an essential resource for any manager working in today's global economy.
Author : Luc Kiers
Publisher : Routledge
Page : 123 pages
File Size : 43,7 Mb
Release : 2019-07-16
Category : Political Science
ISBN : 9781000314588
What is the cause of the American steel industry's deplorable situation today? Troubled in many areas—competition from imports, technology implementation, cost and utilization of raw materials, investment policy, philosophy of management, and union attitudes, to name only a few—can the industry survive? These are the questions Dr. Kiers confronts in this book. Unless answers can be found, he warns, the result will be further decline and, finally, bankruptcy or nationalization. Unwilling to accept either possibility, Dr. Kiers challenges the steel industry to achieve a rebirth he sees as feasible only through a hard-nosed, realistic approach, an insistence on innovation, and a willingness to apply discipline to every facet of steel making. Dr. Kiers presents an in-depth analysis of Japan's steel industry, compares it with the U.S. industry, and discusses U.S. technology and import problems with reference to Japan. He then inventories the factors responsible for the current problems and lays the groundwork for a new start, going on to point out that the difficulties faced by the steel industry may be a portent of what will happen to other industries unless they, too, reassess both labor and management attitudes and make radical changes.
Author : Kenneth Warren
Publisher : Rowman & Littlefield
Page : 215 pages
File Size : 52,8 Mb
Release : 2019-11-22
Category : History
ISBN : 9781498577007
The steel industry provides much of the material basis for modern civilisation. Although its end products are numerous, the largest sector of the industry is involved in the production of wide strip. This is used by countless other industries to make a range of products from automobile bodies, and the cases of domestic appliances, to metal furniture and cans for the preservation of foodstuffs and drinks. A hundred years ago sheet steel was made in labor-intensive operations by a large number of small rolling mills. This is an account of how this relatively backward part of the industry was transformed by the invention and industrial application of a revolutionary new technology. In the hot strip mill a slab of steel was passed through a series of rolls to be reduced into a continuous band of wide strip, which was then shipped either as coils or cut into sheets. The introduction of the wide continuous hot strip mill began to concentrate the sheet and tin plate industry into much bigger operations complete with iron making, steel works, rolling mills and finishing plant. New companies rose to prominence; some old industry leaders fell behind. Many former locations for sheet manufacture were abandoned, but other old plants and companies re-equipped and survived. Major producers of other products entered the new trade. Less than thirty years ago another major change began when electric arc steel furnace operators began to install strip mills and the trade of the now rather inappropriately named `mini-mill` grew rapidly at the expense of the longer established iron—open hearth steel—primary rolling mill—strip mill industry. Now, as its centenary approaches, the strip mill sector is still undergoing major changes. This book surveys the growth, structure and changes in this dominant part of the steel industry. The strip mill has transformed steel world-wide, but in its origins and development it has above all been a distinctively American achievement.
Author : Anonim
Publisher : Routledge
Page : 225 pages
File Size : 45,5 Mb
Release : 2024-06-26
Category : Electronic
ISBN : 9781135969172
Author : Robert P. Rogers
Publisher : Routledge
Page : 315 pages
File Size : 47,9 Mb
Release : 2009-03-30
Category : Business & Economics
ISBN : 9781135969165
This book provides a basic outline of the history of the American steel industry, a sector of the economy that has been an important part of the industrial system. The book starts with the 1830's, when the American iron and steel industry resembled the traditional iron producing sector that had existed in the old world for centuries, and it ends in 2001. The product of this industry, steel, is an alloy of iron and carbon that has become the most used metal in the world. The very size of the steel industry and its position in the modern economy give it an unusual relevance to the economic, social, and political system.
Author : Kenneth Warren
Publisher : University of Pittsburgh Press
Page : 354 pages
File Size : 53,6 Mb
Release : 1987-09-15
Category : Business & Economics
ISBN : 9780822978732
period of international leadership was challenged, this book interprets steel from the viewpoints of historical and economic geography. It considers both physical factors, such as resources, and human factors such as market, organization, and governmental policy. In major discussions of the east coast, Pittsburgh, the Ohio Valley, the Great Lakes, the South and the West, Warren analyzes the location and relocation of steel plants over 120 years. He explains the influence on location of a variety of factors: The accessibility of resources, the cost of transportation, the existence of specialized markets, and the availability of entrepreneurial skills, capital, and labor. He also evaluates the role of management in the development of the industry, through an analysis of individual companies, including Bethlehem, Carnegie, United States Steel, Kaiser, Inland, Jones and Laughlin, and Youngstown Sheet and Tube. Warren examines the influence exerted on the industry by complex technological changes and weighs their significance against market forces and the supply of natural resources. In the production process alone, the industry changed from pig iron to steel; from charcoal to anthracite; to bituminous coking coal; and from the widespread use of low-grade ore from the eastern United States, to the high quality but localized deposits of the Upper Great Lakes, to imported ores. Unlike other industrialized nations, the United States has undergone major geographical shifts in steel consumption since the 1850s. As the American population moved south and west into new territory, steel followed. Warren concludes that these radical alterations in the distribution and demand were the decisive force in the location of steel production.
Author : United States. Congress. Senate. Committee on Health, Education, Labor, and Pensions
Publisher : Unknown
Page : 48 pages
File Size : 42,6 Mb
Release : 2002
Category : Business & Economics
ISBN : PSU:000049649833
Author : Paul A. Tiffany
Publisher : Oxford University Press, USA
Page : 518 pages
File Size : 49,8 Mb
Release : 1988
Category : Business & Economics
ISBN : STANFORD:36105038384637
'Tiffany shows that American decision makers who ignore the past are likely to jeopardize America's future. So persuasive is his account of the historical antagonism between steel management, labor and government that advocates of industrial policy will have to reconsider the premise of cooperation on which it is based.
Author : United States. Patent Office
Publisher : Unknown
Page : 1224 pages
File Size : 47,9 Mb
Release : 1923
Category : Patents
ISBN : UOM:39015030261328
Author : Mark Reutter
Publisher : University of Illinois Press
Page : 576 pages
File Size : 55,9 Mb
Release : 2004
Category : Business & Economics
ISBN : 0252072332
Making Steel chronicles the rise and fall of American steel by focusing on the fateful decisions made at the world's once largest steel mill at Sparrows Point, Maryland. Mark Reutter examines the business, production, and daily lives of workers as corporate leaders became more interested in their own security and enrichment than in employees, community, or innovative technology. This edition features 26 pages of photos, an author's preface, and a new chapter on the devastating effects of Bethlehem Steel's bankruptcy titled "The Discarded American Worker."
Author : Kenneth Warren
Publisher : University of Pittsburgh Pre
Page : 425 pages
File Size : 55,9 Mb
Release : 2001-07-15
Category : History
ISBN : 9780822970590
At its formation in 1901, the United States Steel Corporation was the earth’s biggest industrial corporation, a wonder of the manufacturing world. Immediately it produced two thirds of America’s raw steel and thirty percent of the steel made worldwide. The behemoth company would go on to support the manufacturing superstructure of practically every other industry in America. It would create and sustain the economies of many industrial communities, especially Pittsburgh, employing more than a million people over the course of the century. A hundred years later, the U.S. Steel Group of USX makes scarcely ten percent of the steel in the United States and just over one and a half percent of global output. Far from the biggest, the company is now considered the most efficient steel producer in the world. What happened between then and now, and why, is the subject of Big Steel, the first comprehensive history of the company at the center of America’s twentieth-century industrial life. Granted privileged and unprecedented access to the U.S. Steel archives, Kenneth Warren has sifted through a long, complex business history to tell a compelling story. Its preeminent size was supposed to confer many advantages to U.S. Steel—economies of scale, monopolies of talent, etc. Yet in practice, many of those advantages proved illusory. Warren shows how, even in its early years, the company was out-maneuvered by smaller competitors and how, over the century, U.S. Steel’s share of the industry, by every measure, steadily declined. Warren’s subtle analysis of years of internal decision making reveals that the company’s size and clumsy hierarchical structure made it uniquely difficult to direct and manage. He profiles the chairmen who grappled with this “lumbering giant,” paying particular attention to those who long ago created its enduring corporate culture—Charles M. Schwab, Elbert H. Gary, and Myron C. Taylor. Warren points to the way U.S. Steel’s dominating size exposed it to public scrutiny and government oversight—a cautionary force. He analyzes the ways that labor relations affected company management and strategy. And he demonstrates how U.S. Steel suffered gradually, steadily, from its paradoxical ability to make high profits while failing to keep pace with the best practices. Only after the drastic pruning late in the century—when U.S. Steel reduced its capacity by two-thirds—did the company become a world leader in steel-making efficiency, rather than merely in size. These lessons, drawn from the history of an extraordinary company, will enrich the scholarship of industry and inform the practice of business in the twenty-first century.
Author : Judith Stein
Publisher : Univ of North Carolina Press
Page : 429 pages
File Size : 46,8 Mb
Release : 2000-11-09
Category : History
ISBN : 9780807864739
The history of modern liberalism has been hotly debated in contemporary politics and the academy. Here, Judith Stein uses the steel industry--long considered fundamental to the U.S. economy--to examine liberal policies and priorities after World War II. In a provocative revision of postwar American history, she argues that it was the primacy of foreign commitments and the outdated economic policies of the state, more than the nation's racial conflicts, that transformed American liberalism from the powerful progressivism of the New Deal to the feeble policies of the 1990s. Stein skillfully integrates a number of narratives usually treated in isolation--labor, civil rights, politics, business, and foreign policy--while underscoring the state's focus on the steel industry and its workers. By showing how those who intervened in the industry treated such economic issues as free trade and the globalization of steel production in isolation from the social issues of the day--most notably civil rights and the implementation of affirmative action--Stein advances a larger argument about postwar liberalism. Liberal attempts to address social inequalities without reference to the fundamental and changing workings of the economy, she says, have led to the foundering of the New Deal state.
Author : Defense Logistics Services Center (U.S.),United States. Munitions Board. Cataloging Agency
Publisher : Unknown
Page : 794 pages
File Size : 53,5 Mb
Release : 1951
Category : Information storage and retrieval systems
ISBN : UIUC:30112050029294
Author : Quentin R. Skrabec Jr.
Publisher : Bloomsbury Publishing USA
Page : 465 pages
File Size : 46,8 Mb
Release : 2014-12-09
Category : Business & Economics
ISBN : 9798216040668
Covering events such as banking crises, economic bubbles, natural disasters, trade embargoes, and depressions, this single-volume encyclopedia of major U.S. financial downturns provides readers with an event-driven understanding of the evolution of the American economy. The United States has fairly recently experienced the worst economic downturn since the Great Depression. But crippling financial crises are hardly unusual: economic emergencies have occurred throughout American history and can be seen as a cyclical and "normal" (if undesirable) aspect of an economic system. This encyclopedia supplies objective, accessible, and interesting entries on 100 major U.S. financial crises from the Colonial era to today that have had tremendous domestic impact—and in many cases, global impact as well. The entries explore the history and impact of major economic events, including banking crises, economic shortages, recessions, national strikes and labor upheavals, natural resource shortages, panics, real estate bubbles, social upheavals, and the collapse of specific American industries such as rubber and steel production. Students will find this book an essential ready-reference on key events in American economic history that documents how and why these events led to significant financial and economic problems throughout the United States and around the globe.
