Steel Imports: Their Effect on the Domestic Steel Industry
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The project was undertaken to determine the effects imports have had on the domestic steel industry since World War II. The study describes the work experience performed at National Metal Processing and Meridian National Corporation by the author. The project relates this work experience to coursework and future goals. The report demonstrates how the steel industry, which once dominated the world scene, chose not to compete once foreign industries began to become more competitive. The analysis shows why the industry began to deteriorate and what they did to try and prevent this deterioration from occurring. The project explains the steps taken by the government over the last two and a half decades to protect the industry. The study gives a protectionist, free trader, and the author's viewpoint on whether or not imports should be restricted. The steel industry has had more than enough time to become competitive on the international scene. The steel producing industry is haggard and if protected, brings the steel-using industries down with it. It is the author's feeling that the steel industry should not receive any more protection from the government.
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