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| Details |
| Case Code: CLIBE009 |
| Case Length: 4 pages |
| Period: -- |
| Pub Date: 2005 |
| Teaching Note: Not Available |
| Subject :Business Environment |
| Price:Rs.50 |
| Organization :-- |
| Industry :-- |
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Impact of Protectionism on the U.S Steel Industry * |
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| The caselet explains the challenges faced by the U.S steel industry since its inception. It touches on the competition the industry had to face from the Japanese and European steel industries and talks about the introduction of tariffs and quotas to protect the industry from imported steel. The caselet also gives an overview of protectionism and free trade in the steel industry. |
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Issues: |
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- U.S steel industry and the competition from the domestic players.
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- Attempts made by the government to protect the industry.
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- Job losses in the US steel industry.
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- Protests against anti-dumping duties.
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| Introduction |
The US steel industry has been in existence since the late 19th century. After World War II, the US steel industry continued its leadership position globally. There was hardly any import of steel into the US as the steel firms in Germany and Japan were destroyed during the War.
The US steel industry exported a significant amount of the steel it produced. However, by the late 1950s, Japanese and European steel industries recovered from the War and started exporting to the US.
While the domestic production of steel increased by 48 percent between 1950 and the....
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| Questions |
1. Comment on protectionism vs. free trade in the US steel industry.
2. "US steel industry should be protected not only because of the pride associated with it but also because of its key role in the US economy." Comment.
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Keywords |
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Electric furnace technology, voluntary restraint agreements, United Steelworkers of America (USWA), Section 201, quotas, anti-dumping duties, US International Trade Commission (USITC), US Steel Corp., predatory pricing
* This caselet is intended for use only in class discussions.
** More comprehensive case studies are priced at Rs.200 to Rs.700 (US $5 to US
$16) per copy.
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