Entry barriers
It is difficult for companies to enter the steel industry. This is because of the great investments that are required in order to produce steel products or to purchase them. The limited success to distribution is another factor that increases the difficulty of addressing this industry.
3. Market analysis
This industry is characterized by an increasing demand for steel. The business sectors that report such significant demand increase of steel are represented by: the construction, the infrastructure, and automobile sectors. Producers of steel and organizations in the field tend to focus on developing user friendly steel products. This can be achieved by developing light weighted steel products. This is intended to help companies in the steel business develop and implement strategies that support the environment (EconomyWatch, 2010). The most important objective of these strategies refers to reducing the pollution associated with the steel production.
The international steel industry is significantly developing as a result of several factors. The most important factor that influences the development of this industry on international level is represented by the development and implementation of liberalization policies across the world. Another important factor...
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