Steel Industry Essay

Industry Analysis
Steel Industry


















Seungyeon Song
BADM 482
Dr. Doug Ohmer

INDUSTRY CHARACTERISTICS
Determine the size of the industry.   (Typically stated in sales dollars or # of units sold per year.)  
The United States steel market grew by 3.7% in 2007 to reach a volume of 102.2 million metric tons. The compound annual growth rate of the market volume in the period 2003-2007 was 2.2%.



Who are the major competitors in the industry (focus on top 5 to 10 ).   What is their size?   How long have they been in the industry?   Where are they located?   Is there anything in particular that defines this company? (e.g.: industry leader, financial condition, labor relations, etc.)
Nucor Corporationl has the largest share of the United States steel market with a 22.4% share of the total volume. Arcelor Mittal accounts for a further 20.5% of the total volumes.

Arcelor Mittal
Arcelor Mittal (formerly known as Mittal Steel Holdings NV or Mittal Steel) is the
world's largest steel producer. The group sells its products in 187 countries including the Americas, Europe, Asia, Africa, and Commonwealth Independent States. Also, the group has steel-making operations in 26 countries and sells its products to a diverse range of automotive, appliance, engineering, construction, and machinery industries.

The group has a production capacity of 138 million tons. Approximately 35% of this is produced in the Americas, 48% in Europe, and approximately 17% in other countries, such as Kazakhstan, Algeria, and South Africa. The group produces finished and semi-finished carbon steel products, specifically flat products including sheets and plates; long products including bars, rods, and structural shapes; and stainless steel products. It has industrial steel production centers in 26 countries across Europe, the Americas, Asia, and Africa. Mittal Steel operates its business in six reportable operating segments: flat carbon Americas; flat...