Nucor steel

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Title: Nucor steel

Essay Details:

Subject: Miscellaneous

Author: Michael C

Date: July 20, 2015

Level: University

Grade: B

Length: 3 / 694

Essay text:

Competition from rivals Highly competitive since products are not differentiated and have high fixed costs as well as exit barriers. There is also competition from the cheaper imports as well as the cyclicity of demand. 4. Bargaining power of buyers Price sensitive market due to no product differentiation. 5. Bargaining power of suppliers Unionised labour leading to high bargaining power of labour supply. Cost competition among steel manufacturers also leads to high bargaining power of suppliers. Therefore, the steel industry is NOT attractive. Sources of competitive advantage in the steel industry 1...

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