Steel
in sentence
896 examples of Steel in a sentence
As a result, China’s economy is dominated by resource-hungry and inefficient polluters, such as coal and mineral mines, textile and paper mills, iron and
steel
makers, petrochemical factories, and building material producers.
Harley-Davidson recently announced that it would move some of its operations to jurisdictions not subject to the European Union’s retaliatory measures adopted in response to Trump’s tariffs on imported
steel
and aluminum.
Of course, the effects spread through the economy – as demand for cars falls, demand for
steel
also falls, and
steel
workers are laid off.
In considering the significance of the proposed treaty, it is important to remember that European integration began with the creation of a common market for coal and
steel.
Trump has decided to increase the level of protection for various industries in the US, such as
steel
and aluminum.
And, given the growing likelihood of additional trade barriers – as suggested by the US Commerce Department’s recent recommendations of high tariffs on aluminum and
steel
– the combination of protectionism and ever-widening trade imbalances becomes all the more problematic for a US economy set to become even more dependent on foreign capital.
For example, many Chinese
steel
plants have state-of-the-art pollution controls, but these can be switched off to save costs.
The working-age population has peaked, urbanization is slowing, and the
steel
and cement industries are suffering from overcapacity.
When the McKinsey Global Institute analyzed more than 2,000 Chinese companies in industries ranging from coal and
steel
to auto manufacturing and retail, it found opportunities to raise productivity by 20-100% by 2030.
Over the past decade, overcapacity has reduced annual returns on capital in the country’s coal and
steel
industries from 17% to 6%.
Restructuring industries like steel, by letting uncompetitive players fail and encouraging consolidation, could raise productivity dramatically without compromising the ability to meet demand.
At the same time, he demonstrated that he has a spine of
steel
when he refused to buckle under to severe pressures to renounce the India-United States nuclear deal.
They point to steel, coal, and construction statistics, which really are collapsing in several Chinese regions, and to exports, which are growing much less than in the past.
But why do the skeptics accept the truth of dismal government figures for construction and
steel
output – down 15% and 4%, respectively, in the year to August – and then dismiss official data showing 10.8% retail-sales growth?
By forging shared sovereignty over issues vital to national security – namely, coal and
steel
– visionary leaders in both countries laid the foundation for European peace and security, while overcoming a long history of antagonism.
His administration’s tariffs on
steel
imports surely will cost more jobs in steel-using industries than will be “saved” by locking up resources in an old industry.
That kind of success is not merely at the elite end of the scale: in England today, Indian restaurants employ more people than the steel, coal, and shipbuilding industries combined.
Why, its legal envoys are investigating an anti-dumping law suit against the Kremikovtsi
steel
mill near Sofia.
But even that price will prove too high if the EU blocks
steel
imports from the plant.
They pummel the blocks for gravel and the
steel
bars inside.
The Industrial Revolution turned
steel
and coal into strategic goods, and struggles over oil dominated much of the twentieth century, including during World War I, when the loss of Romanian petroleum contributed to the German collapse on the Western Front in 1918.
And today, oil seems to be going the way of timber and steel, losing its strategic importance.
It has unilaterally introduced
steel
and aluminum tariffs, relying on a justification (national security) that others could use, in the process placing the world at risk of a trade war.
But much wasteful investment has inevitably followed: massive apartment blocks in second- and third-tier cities that will never be occupied, and heavy industrial sectors, such as
steel
and cement, that suffer from chronic overcapacity.
By the end of the 19th century, however, Germany, with much lower wages levels, had overtaken England in
steel
production, and was clearly dominant in the new technologies of electrical goods, chemicals, and dyes, as well as in many aspects of fine engineering.
In the last five years, the country’s northeastern region – once a hub of basic industries like oil and
steel
– has been facing accelerating decline, as have the rich mineral resource centers in places like Hebei and Inner Mongolia.
Trump’s Trade ConfusionNEW YORK – The trade skirmish between the United States and China on steel, aluminum, and other goods is a product of US President Donald Trump’s scorn for multilateral trade arrangements and the World Trade Organization, an institution that was created to adjudicate trade disputes.
Before announcing import tariffs on more than 1,300 types of Chinese-made goods worth around $60 billion per year, in early March Trump unveiled sweeping tariffs of 25% on
steel
and 10% on aluminum, which he justified on the basis of national security.
Trump insists that a tariff on a small fraction of imported
steel
– the price of which is set globally – will suffice to address a genuine strategic threat.
Trump himself has already undercut his national-security claim by exempting most major exporters of
steel
to the US.
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