Industry: Steel Industry

Competitive & Business Forces Analysis

Industry Analysis

What causes the steel industry's competitive structure and business environment to change? From the list below, identify the 4 most dominant forces driving change in your industry and assess their impact on the steel industry. Include for each one of the 4 that you chose, describe why it will have significant impact on the steel industry.

globalization industry growth (rate) entry or exit of firms who buys/how product is used preferences for differentiated products product innovation e-commerce

marketing innovation diffusion of technical know-how technological change changes in cost & efficiency regulation organized labor social issues, ethics, concerns uncertainty & risk

Do you expect any of these four to change over the next 2-4 years? If so, list the ones you expect to change and describe how or what you expect to change.

References

https://www.steel.org/industry-data/reports/

https://blog.boydmetals.com/the-past-present-and-future-of-the-american-steel-industry

https://publications.parliament.uk/pa/cm200607/cmselect/cmwelaf/ucglobal/uc2602.pdf

https://www.coface.com/Economic-Studies-and-Country-Risks/Metals

https://ec.europa.eu/info/strategy/priorities-2019-2024/european-green- deal/energy-and-green-deal_en