StudentShare solutions
Triangle menu

Globalization of China vs. United States - Research Paper Example

Nobody downloaded yet
US Steel Corporation, established in the year 1901, is one of the biggest integrated domestically owned steel companies of US. The company’s customer base is diversified in global markets including Central Europe and Canada. It was declared as the 13th largest steel producing company in the world in the year 2010. The globalization of industries in US is expected to increase the profitability of the company in future due to growing demands in the emerging economies such as China. Baosteel, established in the year 1978, was declared as the 2nd largest steel producing company in the world in 2011 and has demonstrated excellent performance in recent years irrespective of slowdown in demand in the global market. From the financial statement analysis of the US Steel Corp. it can be said that US Steel’s production capacity exceeds its total sales leading to unsold inventory. Steel sector is already a cyclical sector in the sense that the demand for the steel products vary in every quarter. Globalization in China in expected to help the company in diversifying its products into other economies. In addition, the company’s mass production will help it to reach economies of scale in future that will further help to export steel at cheaper rates making US domestic steel industry more competitive. The study aims to analyze the financial statements of the two companies and provide a comparative analysis by highlighting key areas of concern, impact of globalization in US and China and recommend steps that should be taken to ensure profitability in competitive environment. Introduction The steel industry is one of the most important industries of the economy and is also considered as an important indicator of economy. It plays a major in the development of overall economy and infrastructure. The application of steel is used in many industries such as construction, automobiles, machinery, transportation, and many others. The global steel output was over 1547 million tons for the year ending 2012. The most important characteristics of the steel industry are that it is cyclical and highly fragmented. The steel industry has experienced superior growth during the last two decades but after the global financial crisis, the industry suffered sluggishness in demand. In order to manage operating risk, many companies have diversified their operations in emerging economies where the demand of steel was not affected by global recession. Company Analysis Baosteel Group Corporation Baosteel Group Corporation (also known as Baosteel) is one of the iron and steel largest company of China. It was established in the year 1978 and its head quarter is in Shanghai, China. It is the world’s 2nd largest steel producer following ArcelorMittal in terms of aggregate output. In the year 2012, the company was awarded 197th rank in Fortunes Global 500 for ninth consecutive year. It was also rated by Fitch, S&P, and Moody’s as A3, A, and A- respectively in the same year. Baosteel was also identified one of the most admired company in the world. The company primarily operates in the iron and steel industry and produces high quality steel that adds value to other industries. The main products of the company are stainless steel, special steel and carbon steel. The company reported approximately 44.2 million tons that helped it to earn over RMB 18.10 billion. Hence, it was ranked as the ...Show more


Company Analysis: Globalization of China Vs United States Executive Summary The steel industry is one of the most important industries of the economy and is also considered as an important indicator of economy. It plays a major role in the development of overall economy and infrastructure…
Author : fritschsylveste
Save Your Time for More Important Things
Let us write or edit the research paper on your topic
"Globalization of China vs. United States"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Social and environmental policies comparison: United States And China
Political institutions have a direct bearing on various policy matters in any state. Social and environmental policies are directly related to political philosophies and priorities. The implementation of policies is also a direct function of political will.
8 pages (2000 words) Research Paper
Research on Project Quality Management in China
US).................................................…....10 Quality Standard……………………………………………………………………………….12 Conclusion…………………………………………………….………………………………..13 Project Quality Management in China Quality management is a key instrument to the success of every form of a project, whose objectives are well defined by project implementers.
11 pages (2750 words) Research Paper
The United States vs Jones
In 2004, an investigation concerning the drug trade in which Jones was to be nailed commenced and in 2005, searches and arrests followed (Totenberg). Finally, Jones and several of his associates were charged with conspiracy to possess as well as distribute cocaine.
3 pages (750 words) Research Paper
United States of America Vs Sony BMG
United States of America Vs Sony BMG The legal ethical violations are evident in the case with the company being accused of violating the regulations of the FTC and the Children’s Online Privacy Protection Act. The company was found guilty of accessing, recording and using information of underage children within its websites which resulted into a hefty settlement of $ 1 million.
7 pages (1750 words) Research Paper
United States vs Recio
United States vs Recio This was a conspiracy case in which the plaintiff was the United States government and the defendants were, Francisco Jimenez Recio and Adrian Lopez Meza on similar charges. In this case, it happened that a truck, carrying illegal drugs to be distributed was intercepted by police and stopped.
3 pages (750 words) Research Paper
Economic, Health, and Demographic data of United States and China
It has got a market-orientated economy which has a high growth rate, which again makes it likely to become one of the strongest nations economically, estimated to overtake the United States. There are a number of challenges to the Chinese economy, however.
5 pages (1250 words) Research Paper
Abramski vs. United States
A former police officer, Mr. Abramski bought and legally transferred a firearm to his elderly uncle for self defense. Abramski purchased the gun at a local gun dealer at a discount since was a former police officer. During the purchase process, Mr. Abramski passed all the federal requirements laid down at the store; therefore, he bought the gun successfully from another store in Pennsylvania.
3 pages (750 words) Research Paper
The Netherlands vs. The United States: Drug Addiction and Usage in a Legalized vs. Illegal Society
The use of drugs among people is not a new phenomenon. It has been part of human life since time immemorial. In fact, the Eskimos are the only people lacking tradition because they have been unfortunate
12 pages (3000 words) Research Paper
The Canadian Legal System vs. The United States Legal System
In spite of this non-restriction, Canada remains to have a very low rate of abortion cases and has one of abortions complications in the world. The abortion rights in Canada were grounded in their constitution where women’s rights to
1 pages (250 words) Research Paper
Canda Health Care System Vs. United States Health Care system
The United States and Canada have had similar health care systems in the past few years but have currently developed varying funding and operation systems where by the U.S has a mixed system and Canada has a single payer health system. Fierlbeck, 2011, 64 argues
2 pages (500 words) Research Paper
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment
Let us find you another Research Paper on topic Globalization of China vs. United States for FREE!
Contact us:
Contact Us Now
  • About StudentShare

  • Testimonials

  • FAQ

  • Blog

  • Free Essays
  • New Essays
  • Essays

  • The Newest Essay Topics
Join us:
Contact Us