1. What forces drove Mittal Steel to start expanding across national borders? Mittal Steel started expanding across national borders due to government regulations along with tough competition from SAIL and Tata Steel. Mittal Steel believed that it would be more likely to experience growth if the company would transpire outside of India. The company made its first move in 1975 when it set up a steel-making plant in Indonesia. 2. Mittal Steel expanded into different nations through merges and acquisitions
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Using the information contained in the case‚ conduct a five-forces analysis of the U.S. Steel industry. What conclusion can you draw from this? Degree of Rivalry: Mini mills were being used by the foreign competition which mean they were able to produce steel at less expensive rates passing that on ot their customers. Barriers to entry: Starting in the 1970’s since there were no trade barriers companies overseas were able to manufacture and sell steel for a much lower price here in the United
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Maintaining consistent growth and supremacy in a competitive market: Challenges & Strategy of SAIL With exponential growth in the global economy many new challenges are emerging in the corporate world. The explosion of investment in the industry world wide demands high levels of competencies to reap fruitful benefits. In spite of many all round reforms‚ the industry is unable to meet the extremely large numbers and complex variety of challenges that have cropped up in view of the sky rocketing
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of the nations largest steel companies decided to raise steel prices by 3.5 percent. This caught President John F Kennedy’s attention since he had repeatedly called for stable prices and wages as part of a program of national sacrifice during a period of economic distress. Kennedy called for a news conference in which he addressed certain things. He discussed and described how some steel companies raised prices due to their pursuit of private power and profits. If all steel companies took this action
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Glorified Trench War “No finer death in all the world than…’ Anything to participate‚ not to have to stay at home.” This quote is an example of Junger’s view on the war. Does Storm of Steel Glorify War? Yes. Compared to other accounts of World War I‚ such as the film “All quiet on the Western Front‚” Storm of Steel does seem to somewhat promote the war. Junger seems to glorify war by being a hero for participating in it. On the other hand‚ the film “All Quiet on the Western Front‚” completely shows
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REINFORCING STEEL: Reinforced concrete was designed on the principle that steel and concrete act together in resisting force. Concrete is strong in compression but weak in tension. The tensile strength is generally rated about 10 percent of the compression strength. Steel is the best material for reinforcing concrete because the properties of expansion for both steel and concrete are considered to be approximately the same; that is‚ under normal conditions‚ they will expand and contract at an almost
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The Iron Maiden: Michael Graves and the Trap “Those who love too much lose everything; those who love with irony‚ last.” Hephaistion [The Persian Warrior]‚ Alexander (Oliver Stone‚ 2004) Post-modernism in the 1980s has‚ without any doubt‚ had a lasting impact on architecture today. It is a strand of architectural thought has continued to be expanded and developed even after it’s prominence in the 1980s. Definitions of the “post-modern” are often ephemeral‚ post-modernism
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The Iron-Carbon Diagram There are two iron-carbon equilibrium diagrams: - stable iron-graphite Fe-Gr - metastable iron-cementite Fe-Fe3C The stable condition usually takes a very long time to develop. The metastable diagram is of more interest. Fe3C iron carbide called cementite because it is hard. Following phases exist on Fe-Fe3C diagram: - liquid solution of iron and carbon (L) - ferrite ( ) – an interstitial solid solution of carbon in Fe (bcc). At room temperature ferrite is ductile but
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Most structural steel failures happen at connections....where a beam connects to a column‚ where a joist connects to a beam‚ where a hanging rod connects to a beam (the Kansas City Hyatt discussed above). The Structural Engineer must design the design the steel members and give guidelines for the connections. Many people in the Construction Industry don’t understand‚ though‚ that the Structural Engineer rarely designs the connections. Why is that? Historically‚ the Steel Fabricators developed
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“We’RE raising the BAR.” This is Steel Asia Manufacturing Corporation’s marketing tagline to showcase their sole product – rebars. Rebars are cylindrical bars of steel used by the construction industry for building the structures of every building‚ house‚ road‚ or project that they do. The experience at Steel Asia Manufacturing Corporation exposed me to the steel manufacturing industry. The said field trip was not only very educational; is also filled with fun. As a future chemical engineer of
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