STEEL IMPORTS: A CASE OF DIFFERENTIAL MARKET PENETRATION

The growth of imported steel products in the U.S. market since 1957 is examined. A strong pattern of product-by-product market invasion is demonstrated. Domestic producers of products subjected to concentrated competition from imports are shown to have suffered much larger losses of market shares than the industry as an aggregate, and these differential losses of market occurred earlier in time. It is pointed out that the economic and social impacts of steel product imports are experienced at the plant level, where the loss of production occurs. Only aggregate statistics are available, however. Need exists for better input of economic information from plants and for a better understanding of how to relate plant and aggregate data to national statistics for policymaking. Better timing of action and more effective remedies should result.

• Supplemental Notes:
  • Notification of this article, Proceedings from the Council of Economics, AIME, appeared in the Bureau of Mines--New Publications, June 1972, Monthly List 686.
• Corporate Authors:

  American Institute of Mining, Mettalurgy & Petroleum Engineers

  345 East 47th Street
  New York, NY  United States  10017
• Authors:
  • Leary, R
• Publication Date: 1972

Media Info

• Pagination: p. 139-146

Subject/Index Terms

• TRT Terms: Freight traffic; Imports; International trade; Steel
• Old TRIS Terms: Steel imports; Steel traffic
• Subject Areas: Freight Transportation; Materials; Railroads;

Filing Info

• Accession Number: 00040966
• Record Type: Publication
• Source Agency: Bureau of Mines
• Report/Paper Numbers: Proceeding
• Files: TRIS
• Created Date: Apr 2 1973 12:00AM