1. What are the primary competitive forces impacting U.S. steel producers in general and the producers like Nucor that make new steel products via recycling scrap steel in particular? Please do a fiveforces analysis to support your answer. Threat of Entry :There is a weak threat of new entrants into the market .However , existing steel producers looking to operate their plants at full or near -full capacity will seek out customers in geographic markets where there is currently no presence by any competitor .Some low -cost foreign producers are thought to be "dumping " their products in the U.S. because of this . It is obvious that new entry is occurring when companies like Nucor acquire less successful steel producers and turn their operations into strong contenders in the market Bargaining power of suppliers :There is a moderate bargaining power of suppliers in this industry . There is not much evidence in the case to indicate that suppliers are a major competitive factor. However, the price for scrap steel is the key input for mini-mills and increasing scrap prices can put them at a competitive disadvantage Bargaining power of buyers : there is a moderate strength when demand is strong and in short supply, but quite a strong force when demand is weak and suppliers are anxious to get the business .Buying switcher costs are relatively low and alternative suppliers are readily available