Up from the Ashes: The Rise of the Steel Minimill in the United States

By Donald F. Barnett; Robert W. Crandall | Go to book overview

Index
Acs, Zoltan, J., 68n
Adams, Walter, 36n
American Iron and Steel Institute, 12, 43
Argentina, minimills, 110
Armco, 49, 53, 55
Australia, iron ore, 32, 43, 44
Automobile industry, 2, 108
Baldwin, C. Y., 69n
Barnett, Donald F., 6n, 32n, 36n
Bars. See Steel products
Basic oxygen furnace (BOF): operating costs, 30, 32; production capacity, 5, 45; replacement of open hearths by, 3, 36, 38; use of scrap, 74, 77-78, 126-27
Bayou Steel Corporation, 10, 33, 103, 113
Bethlehem Steel Corporation, 3, 38, 43n, 47, 53, 55, 83, 100, 111
Big Steel. See Integrated steel companies
Billets. See Steel products
Blast furnace, 3, 39
Blooms. See Steel products
BOF. See Basic oxygen furnace
Brazil, 12, 38; iron ore, 32, 43, 44; minimills, 26, 110
California Steel and Tube, 6, 7
Canada, 84
Capital: costs, 25, 27, 45; international sources, 69-70, 112; minimill access to, 68-69, 112
Carron, Andrew S., 87n, 93
Cartels, European Community steel, 109, 110, 113
Chaparral Steel Company, 10, 14, 23, 33, 103
Clark, J. P., 69n
Coal prices, 45, 85-86, 87
Cold-rolled steel coil, 52-53, 66-67
Competition, in steel industry: foreign, 2, 26-27, 32, 35, 36, 97, 100; integrated plant versus minimill, 19, 34, 39-40; among minimills, 16
Cooke, Henry, 3n, 6n, 69n
Copperweld Steel Company, 10, 69
Cordero, Raymond, 3n, 6n, 69n
Costs, steel production: attempts to reduce, 54-55; and exchange rates, 29, 46- 47; in integrated plants versus minimills, 1, 2, 25-28, 40, 65-67; and prices, 32- 34; U.S. versus foreign, 45-47
Cotton, Richard, 90n
Crandall, Robert W., 36n
CRS. See Congressional Research Service
Directly reduced iron (DRI), 73, 84, 97
Dirlam, Joel B., 36n
Dollar, U.S. See Exchange rates
DRI. See Directly reduced iron
Economic Development Administration, 111
Economies of scale, minimill, 19, 25
Edison Electric Institute, 93
Efficiency, production: BOF, 3, 5; minimill, 1, 9, 20, 23, 27, 28
Electric furnace, in integrated plants, 3, 18, 52, 53, 74-75; in minimills, 5, 7, 9, 18-19, 20; operating costs, 30, 84-85; technological improvements in, 18, 28, 56-58, 60-61; use of scrap, 73, 78-79, 84, 126
Electricity: costs, 85-86; future supply and demand for, 88-93; industrial rates, 86- 87, 93-94
Employment, U.S. steel industry, 100
Energy costs, 85-94
Energy, Department of, 86, 94
European Community, 12, 13; DRI consumption, 84; scrap availability, 99; steel cartels, 109, 100, 113
Exchange rates: and steel production costs, 29, 45-47; and U.S. steel market, 13, 19, 29; and world steel production, 12, 13
Exports, U.S. steel, 13, 74
Flat-rolled products. See Steel products, sheets and plates
Florida Steel Corporation, 1, 14, 18, 23
France, 12

-133-

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Up from the Ashes: The Rise of the Steel Minimill in the United States
Table of contents

Table of contents

  • Title Page iii
  • Board of Trustees v
  • Foreword vii
  • Contents ix
  • I- Two Distinct Industries 1
  • Summary 16
  • II- The Competitive Position of Minimills 18
  • Summary 35
  • III- The Decline of the Integrated Sector 36
  • Summary 55
  • IV- Changing Technology and the Minimills 56
  • Summary 70
  • V- Future Scrap and Electricity Supplies 71
  • Summary 94
  • VI- Industrial Policy- The Lessons from Steel 96
  • Appendix A- Tables 115
  • Appendix B- A Simulation Exercise- Scrap Availability for Electric Furnaces 126
  • Appendix C- A Model of the U.S. Iron and Steel Scrap Market 129
  • Index 133
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