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A Profile of the Steel Industry by Peter Warrian

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Chapter 4

How the Steel Industry Operates

Many people view the steel industry as the equivalent of a medieval fortress beset with the economic equivalent of siege warfare. In fact, the industry has been and continues to be in constant motion. The steel industry underwent two major reorganizations at the national level in the 20th century. It is now undergoing a third at the global level in the early 21st century.

Previously, because steel was mostly a stay-at-home industry, the steel industry story was primarily told as a series of national industry narratives, perhaps now supplemented by the new global aspect. However, based on the most recent scholarship in the area, this is to miss the major point. This time it is different, but we have ...

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