Dumping of Steel Essay -- GCSE Business Marketing Coursework

throw out of SteelINTRODUCTIONForeign stain producers plague the U.S. stigma industriousness with unfair competitive practices. This practice is referred to as toss away. Dumping of contrary steel has been a problem throughout the history of the U.S. steel industry. In the 1990s dumping has become more of a problem, due to the division of the Russian economy and its transition from Capitalism to a free-market economy. According to Microsoft Encarta 98 (1998), Free- foodstuff Economy, is an scotch system in which individuals, rather than government, make the majority of decisions regarding economic activities and transactions. In addition, the Asian financial crisis has led to another round of dumping into the U.S. markets by many Asian countries.The effects of dumping have a positive as well as a negative impress on the health of the overall U.S. economy. On the positive side, steel-using industries enjoy degrade prices for steel used in the manufacture of their products . Turning to the negative side, the U.S. steel industry has suffered tremendously through layoffs and a collapse of a figure of speech of steel makers. Should the U.S. politics provide protection against dumping? The debate on protectionism has gone on for years. Protection of one industry by the U.S. Government has come at the cost of another including the U.S. consumer.BREIF HISTORY OF THE STEEL industriousnessThe steel industry grew out of the need for stronger and more easily produced metals. During the inhabit half of the 19th century, many technological advances in steelmaking played an of the essence(predicate) role in creating modern economies. These economies depended on the steel industry to furnish rails, autos, girders, bridges, and many other steel products. Iron making can be traced as far back as 3,500 b.c. in Armenia. The Bessemer process, created independently by Henry Bessemer in England and William Kelly in the United States during the 1850s, allowed t he mass production of low-cost steel the open hearth process, first introduced in the United States in 1888, made it easier to use domestic iron ores. By the 1880s, the growing rent for steel rails made the United States the worlds largest producer. The open-hearth process dominated the steel industry between 1910 and 1960, when it converted to the oxygen process, which produces steel faster, and the electric furnace process, which ma... ...ll suffer. Knight-Ridder/Tribune intelligence operation Service pK5688 online functional http//web2.infotrac.galegroup.com Electronic Collection A53242589. (2000, January 31).Grow, R. J. (April 1998). Asian storm clouds resonate over U.S. steelmakers. New Steel v14 n4 p108. online Available http//web2.infotrac.galegroup.com Electronic Collection A20772048 (2000, January 31).Kelly, N. E. (June 3,1999). US steel industry targets 12 for dumping cold-rolled. American Metal Market v107 i106 p1. online Available http//web2.infotrac.galegroup.c om Electronic Collection A54826127 (2000, January 31).Morrissey, B. (May 3, 1999). Protectionist clouds on the horizon. Knight-Ridder/Tribune News Service pK5956 online Available http//web2.infotrac.galegroup.com Electronic Collection A54535315. (2000, January 31).Robertson, S. (November 17 1998). Mills said to get dumped steel. American Metal Market p1. online Available http//web2.infotrac.galegroup.com Electronic Collection A53251895Steel industry. (1993). The capital of South Carolina Encyclopedia (Edition 5, 1993 p.35209). Online. Available http//web2.infotrac.galegroup.com Electronic Collection A17561597. (2000, January 30).