Nucor Case.docx - Joe Davison Nucor Case Assignment...

This preview shows page 1 - 3 out of 7 pages.

Joe Davison Nucor Case Assignment Questions: 1. What are the primary competitive forces impacting U.S. steel producers in general and the producers like Nucor that make new steel products via recycling scrap steel in particular? Please do a five-forces analysis to support your answer.
Competition from substitutes: there is a weak competitive force from substitutes because there are not many other metals that can be used in place of steel. Alternatively, aluminum, plastics, and other materials can be used in place of steel in some products. Rivalry among competitors: there is a strong competitive force when it comes to rivalry among firms. This rivalry revolves heavily around price competition, because a lot steel products are commodities. Most producers have mastered the art of producing high-quality steel, but it is hard to tell the difference between products from one steel-maker to another. This causes buyers to shop heavily for the lowest price.

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture