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What are the primary competitive forces impacting U.S. steel producers in general and the producers like...

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General Management

What are the primary competitive forces impacting U.S. steelproducers in general and the producers like Nucor that make newsteel products via recycling scrap steel in particular? Please do afive-forces analysis to support your answer.

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The steel industry in US is one of the largest producers in the world after China and Japan The industry has many Steel Giants including Carpenter Tech Nucor Steel Dynamics and US Steel etc The major forces affecting the competitive market can be analyzed using the five force model provided by Porter Porters five force model is used to analyze the competition and understand the industry components along with various factors affecting it The major forces are as given below Threat of new entrants Threat of    See Answer
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