Essays on Steel Industry

Andrew Carnegie and the Making of US Steel

Background Andrew Carnegie was born in Scotland in 1835, to his parents William and Margaret Carnegie. They moved to the United States of America in 1848, when Andrew was aged thirteen years. On arriving and settling in the Allegheny City, near Pittsburg, Andrew's father secured a job in a cotton factory, with Andrew playing the role of a bobbin boy in the same organization. One year after arriving in the United States, Andrew got a job with the Pittsburg Telegraph office as a messenger, a job he did very well, so well that he was promoted to the position ...

INTRODUCTION

Mongolia is located to the north of China and is said to host 10% of the world’s known coal reserves which is estimated to be equivalent to 162 billion tons. Coal export accounts for the largest chunk of total Mongolian gross domestic product (GDP) at roughly 22%. This is equal to approximately 80% of the county’s exports (Voroshilov 34). In the country, production and exportation of coal, specifically coking coal, is primarily undertaken by the Mongolian Mining Company (MMC). Coking coal refers to a type of coal that is absolutely essential to the process of steel production. ...

Tata Steel UK – Port Talbot

Introduction This paper entails a critical analytical review of a business entity which operates in the United Kingdom and which has recently encountered operational difficulties that have necessitated the formulation of a solution from a strategic management stand point. The business entity which will be evaluated in this paper is Tata Steel, which has vast interests across the United Kingdom as well as in other parts of the globe. The paper will analyze the problems that the entity currently faces as well as propose viable solutions that will lead to the resolution of these operating issues going forward.

Tata Steel UK Background

The ...

Introduction

Stainless steel is an alloy with iron as major part and chromium with at least 11% by weight . Stainless steel industry grew rapidly during the 1989-93 period . This paper analyzes stress corrosion of stainless steel along with prevention measures and selection methods for stainless steel. After carrying out the study, it would be established whether stainless steel is an effective alloy or not for major uses in steel industry through adopting various selection parameters. Stainless steel is called stainless due to the resistance to rusting and corrosion .

Stress-corrosion in Stainless Steel

In order to reduce various occurrences of intergranular stress-corrosion cracking and severe ...

Strategic Issues Faced by Nucor

The operational focus of the Nucor Corporation is to “Take Care of Our Customers.” The company operates under this philosophy by providing the highest quality good at the lowest cost maintaining highest operational standards in the industry. The company has a strong culture and follows environmental stewardess by paying back to the communities where it is operating. However, the corporation I facing some strategic issues that are given below:

Plant Efficiency and Cost reduction effort

New plants construction International growth through joint ventures Increased competition High population and economic growth Increased bargaining power of buyer. Cost Reduction Effort NUCOR is always trying to increase the ...

Introduction

NUCOR Corporation is an American-based steel company that was incorporated in 1955 (Thompson 330). By then, the company was referred to as the Nuclear Corporation of America, and the incorporation resulted from merger. This merger was prompted by the bankruptcy that the company had experienced in 1950. The Company has its headquarters in Charlotte, North Carolina, and it was America’s second largest steel manufacturing firm by the year 2012. One of the company’s greatest reputations was the success in profitability by 2012. In 2012, NUCOR had a continuous profitability trend for decades (Thompson 330-331). However, like any ...

1. Discuss the trends in the steel industry and how it may impact Nucor’s strategy.

The modern history of the steel industry starts around 1850s when Mr. Henry Bessemer of England and Mr. William Kelly, of the United States, started producing steel in large quantities and relatively at a low cost. Since its inception, the industry has undergone significant changes throughout its history. Until 1960s only a few big companies were able to produce steel due to the complexity of the production process and the necessary degree of company integration. However, the development of the electric arc furnace, which was ...