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International Business Report - British Steel Industry

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Added on  2020-01-23

International Business Report - British Steel Industry

   Added on 2020-01-23

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International Business Report - British Steel Industry_1
TABLE OF CONTENTSIntroduction......................................................................................................................................1Background of the industry.........................................................................................................1Key macro environment factors...................................................................................................2Application of trade theories.......................................................................................................4Role of government.....................................................................................................................4Recommendations........................................................................................................................6Conclusion.......................................................................................................................................6References........................................................................................................................................7
International Business Report - British Steel Industry_2
Introduction Every business encounters with different contemporary international issues. These issuesputs a high impact on the functions of the company. The purpose of this report is to evaluate theBritish Steel Industry. It reflects the key macro environmental factors which have led to crisiswithin the industry. Further the role of the government will be highlighted in handling the crisis.At last the report will end in making some good recommendations on the basis of the performedanalysis. Background of the industry Figure 1 Value of the British Steel Industry (Source: UK steel industry: statistics and policy, 2016)Steel is essential to the everyday life of the human beings. The production of steel is amajor key to the development of a sustainable world. It can be seen everywhere and lays thefoundation of the last 100 years of progress (Birch, 2013). The British steel industry makes avaluable contribution to the economy. It provides employment to several people. In the year2015, the industry contributed around £2.8bn to the UK balance of trade. Steel is the mostrecycled material among all other goods. Most of the waste steel is recovered and recycled inUK. It also gives a good amount of contribution to the overall GDP and exports (D'Costa, 2013). 1
International Business Report - British Steel Industry_3

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