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For some years, the U.S. steel industry has not been competitive at the low world price of steel. a. According to the memo, what caused

For some years, the U.S. steel industry has not been competitive at the low world price of steel. a. According to the memo, what caused this problem? Global overcapacity of steel production, pushing steel prices down. Low demand for steel among steel-using industries. Technological advance, which makes production more efficient, pushing prices down. Unfair trade practices by foreign countries

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