Big SteelSteel is the mainstay of the worlds major industries. Worldsteel production has grown dramatically as countries industrialize andadd their own steel producing capacity. Chinas prodigiousexpansion of steel output increases the industrys naturalvulnerability to oversupply and volatile prices. Big Steel explores how the integrated steel industry isadapting to trade and international competition. These arise from theindustrys diffusion beyond its