Review article

The United States (U.S.) Steel import crisis and the global production overcapacity till 2016

Gh. H. Popescu ; Dimitrie Cantemir Christian University, Bucharest, Romania
E. Nica ; Bucharest University of Economic Studies, Bucharest, Romania
R.-O. Ștefănescu-Mihăilă ; Spiru Haret University, Bucharest, Romania
G. Lăzăroiu ; Spiru Haret University, Bucharest, Romania

Abstract

The aim of the present research is to examine and evaluate the swift growth in surplus steel production capacity and international supply chain integration, the effects of steel manufacturing on U.S. employment, raising imports of unfairly traded steel and steel goods, and the global steel sector’s structural overcapacity. This paper contributes to the literature by providing evidence on the mechanisms forming the foundation of the first-rate productivity growth in the U.S. steel industry, models of growth in the international steel supply chains, and the advantages of adequate trade remedy implementation for the U.S. steel sector.

Keywords

steel industry; U.S.; import; crisis; global production overcapacity

Hrčak ID:

153706

URI

https://hrcak.srce.hr/153706

Publication date:

1.7.2016.

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