Abstract

The caselet traces the development in the US steel industry over the years. It examines the impact of the two World Wars on the US steel market and looks at how cheap foreign imports of steel have affected the US domestic steel industry. The caselet discusses the potential demand for steel products in the years to come.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

• Historical changes in the US steel industry
• How the US Steel Corporation came into existence
• Impact of two World Wars on the US Steel Corporation
• Intensive global competition and its impact on the US domestic steel industry
• and Consolidation in the US steel industry

Keywords

US steel industry, Federal Steel Company, American Steel & Wire Co., National Tube Company, American Tin Plate Co., American Steel Hoop Co., American Sheet Steel Co., U.S. Steel Corporation (US Steel), 'Gary dinners', First World War, National Industrial Recovery Act, World War II, International Steel Group (ISG), economies of scale, bankruptcy, oligopoly