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? What does a five-forces analysis reveal about competition in the U.S. steel industry? Select "yes" for those statements below that are accurate and choose "no" for those that are not. Rivalry revolves heavily around price competition because most steel products are commodities. Rivalry among steel producers is a fierce competitive force. Factors acting to weaken the rivalry among steel producers is the lack of differentiation and when rival sellers charge identical or similar prices. The use of Nucor's newly developed technological capabilities has intensified the rivalry in this industry. The threat from substitutes for steel producers is a moderately strong competitive force. The threat of entry into this industry is a moderately strong competitive force. New entry is occurring when existing companies like Nucor and ArcelorMittal Steel acquire less successful steel producers with a different lineup of steel products. Entry by the newly acquired companies weakens competition in this industry. The bargaining power of suppliers is a moderate competitive force in the case of scrap steel suppliers and union labor (in the case of unionized steel companies) but a weak competitive force otherwise. The bargaining power of customers is a strong competitive force when demand is strong and in short supply. Slack demand conditions allow customers, especially those who buy in large quantities, to bargain for price discounts. Buyer switching costs are relatively high and alternative suppliers are not readily available