000			01470pab a2200157 454500
008			180718b2003 xxu||||| |||| 00| 0 eng d
100			_aFiroz, A.S.
245			_aSteel industry in turmoil: structural crisis of 1990s
260			_c2003
300			_ap.1493-1504.
362			_a12 Apr
520			_aThe steel industry's crisis in the 1990s has affected countries where labour costs have been high, direct state support meagre, trade protection low and competition in the domestic as well as international markets has increased. The ensuing crisis, mainly in the developed world, has intensified under adverse external conditions and took in its fold the rest of the world. when new investments reduced the technological superiority of steel produced in the developed world, there was a surge of investment to upscale technology and to maintain superiority. But, the thriving capital market provided conditions for similar investment in the developing countries too. At the end of the day, the world of steel gathered more plants and assets and not as much output for sale. The deepening crisis in steel brought the contending national governments on to the international arena and protection subsidies have become common. Although the steel industry has voiced strong opposition to barriers to trade, it is these barriers that the industry has sheltered behind. - Reproduced.
650			_aSteel industry
773			_aEconomic and Political Weekly
909			_a55994
999			_c55994 _d55994