Steel sector analysis within the EU Essay Example | Topics and Well Written Essays - 2000 words

Steel vault of heaven psychoanalysis within the EU - Essay Exampled the stigma sector of the European Union in an adverse manner and presently, the industry is under significant stress in areas relating to reduction in the motive for blade, rise of emerging countries as industrial powerhouse and rising instances of high unemployment.The purpose of this paper is to seek the impact of the European business environment on the steel sector of the country. The idea is to find the factors that are causing challenges for the industry and the ways in which these problems can be resolved.The steel companies in Europe stir been primarily under the control of the government in the 80s. The situation had rapidly changed from 1988-1998 when most of the steel companies were sold to the private sector enterprises. The productivity of the companies had increased rapidly and profitably began to show improvement slowly. besides a fraction of the steel companies remained under the government and the major steel companies sold to the private sector were given full liberty to expand across the national borders. The previous decade has been largely characterized by mergers and acquisitions. European steel companies has been able to create strong profits which had lured number of steel companies from the Asian countries to exporting steel to Europe, particularly when production was slack in their countries. Further mergers and acquisitions had taken place from 2004 (Wubs, 2008). The following sidestep shows some of the key companies and the output produced from them.The present state of challenges of the steel sector in the European steel sector comes from both internal and external environment. The internal issues arise from the slow recovery of the European frugality after the financial crisis and the external issues arise from certain actions that are taken by the trading partners and the policies of the government.The European Union has always maintained very high envir onmental standards and has constantly committed itself to the reduction of the