Capital Investment in Steel: A World Plan for the 1990s
The author discusses the uses and sources for capital in the steel industry in the 1990s. Arguing that the massive capital investment of the 1980s will continue, he identifies areas where this capital will be spent, including pension schemes, anti-pollution measures, and joint ventures between steel companies, both domestically and internationally. Additionally, as privatization continues in the 90s, more capital will shift from government-owned facilities to private individuals. Hogan asserts that capital which was readily available in the 1980s, will be more difficult to obtain in the recessionary 1990s, but available for projects deemed necessary to prepare the industry for the 21st century.
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World Steels Capital Needs
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aluminum American steel automobile Bank basic Bessemer Belgium Bessemer process blast furnaces Britain British steel British steel industry capacity cartel caster coal coke construction continuous casting cost countries crude steel decade decline demand depreciation domestic economic entrepreneurs export facilities financing foreign France funds galvanizing line growth hot-dipped galvanizing hot-strip mill Ibid important increase indus industry's innovations installed integrated iron and steel Japan Japanese iron joint venture Kawasaki Kobe Korea labor major manufacture ment merger million tonnes MITI Nihon Nippon Steel Nishiyama open-hearth open-hearth process operation output percent period pig iron plans plant Pohang POSCO postwar profits rails raw materials role rolling mills sheet steel companies Steel Corporation steel firms steel industry Steel Institute steel production steelmaking structure Sumitomo Table tariff Tekko tion Tokyo tons U.S. dollars U.S. Steel United States Steel Yawata