The US Steel Industry in 2004: Still in Need of Protection?

Case Code: ECON006 Case Length: 20 Pages Period: 2001 - 2004 Pub Date: 2004 Teaching Note: Not Available |
Price: Rs.600 Organization : - Industry : Steel Countries : USA Themes: Economics, Politics and Business Enviornment |

Abstract Case Intro 1 Case Intro 2 Excerpts
Abstract
Since the late 1960s, the US steel industry has been asking for protection from imports and subsidies to help alleviate its troubles. The US government has, from time to time, announced various protectionist measures. In 2001, President George W Bush announced his Steel Program. It consisted of three parts: negotiations with trading partners to eliminate inefficient excess capacity in the steel industry worldwide; negotiations with trading partners to eliminate the distorting practices including subsidies that resulted in excess capacity; and investigation under Section 201 to determine whether the industry was harmed by low-priced steel imports.
After the investigation by the U.S. International Trade Commission (USITC), in March 2002, the President imposed tariff measures under Section 201 to help domestic producers to compete with imported steel.
Issues
The case is structured to achieve the following teaching objectives:
- The structure of an industry and its affect on the competitiveness of the industry
- The rationale behind consolidation and its affects on industry structure
- The advantages and disadvantages of free trade
- The advantages and disadvantages of protectionism
Contents
-
Struggling US Steel Industry
Early History
Technological Innovations
Competition
Consolidation
Government Protection
The President's Steel Program
Protectionism vs. Free Trade
Trade Wars
Section 201 Tariff Measures Lifted
Future Outlook
Exhibits
Keywords
US steel industry, imports, subsidies, alleviate, troubles, protectionist, 2001, President, George W Bush, Steel Program, negotiations, trading partners, excess capacity, steel, industry worldwide, excess capacity, Section 201, low-priced steel, imports, U.S. International Trade Commission, USITC, March 2002, President, Section 201, steel
Buy this case study (Please select any one of the payment options)
Price: Rs.600 |
Price: Rs.600 | PayPal (13 USD) |
