Question: answer option are yes or no The oldest driving force whose influence is now waning is technological innovation in steel-making via electric arc fumace technology,
answer option are "yes" or "no"
The oldest driving force whose influence is now waning is technological innovation in steel-making via electric arc fumace technology, thin-slab casting, and direct casting of carbon steel that has allowed companies (like Nucor) to enter product segments formerly dorinated by the integrated mils of producers using older, more traditional steel-making technology at capital-intensive integrated production facilities (Click to select) A strong demand (relative to supply) coupled with strong price competition seem virtually certain to make the conditions optimal for many steel producers across the world to cam attractive profits. (Click to select) The technological driving force has delivered highly favorable result from the standpoint of the producers like Nucor that are leading the charge to deploy all kinds of cost-saving steel-making technologies, (Click to select) The most powerful driving force in the past 5-10 years stems from the fact that steel-making capacity worldwide exceeds global demand for steel Click to select) High-cost domestic steel suppliers are positively impacted by Imported foreign steel, but fow-cost producers like Nucor are negatively impacted (Click to select) Industry consolidation to a smaller number of larger and more competitively successful steel companies is acting to mitigate competitive pressures Click to select) Competition will likely remain moderate, and sluggish economic growth will likely continue for a good while (Click to select)
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