Friday, May 22, 2020

Analysis Of The Great Gatsby - 1526 Words

Final Essay Prompts Write a 750 word essay in response to one of the following prompts. Be sure to include at least three quotes from the texts. 1. The American Dream--as it arose in the Colonial period and developed in the nineteenth century--was based on the assumption that each person, no matter what his or her origins, could succeed in life on the sole basis of his or her own skill and effort. The Great Gatsby is a novel about what happened to the American dream in the 1920s, a period when the old values that gave substance to the dream had been corrupted by the vulgar pursuit of wealth. What Fitzgerald seems to be criticizing in The Great Gatsby is not the American Dream itself but the corruption of the American Dream. What was†¦show more content†¦3. The â€Å"upper classes lack of integrity† is one of the prominent themes throughout the novel. Sometimes Fitzgerald uses the word â€Å"careless† to sum up this important idea in the book. Nick refers to Jordan, Tom, and Daisy as careless in one form or another. Their actions are careless and they are careless people. This is due to the ease of their life. These people live the decadent life of the roaring twenties that many of the writers of this era were criticizing. The mindless, indulgent, irresponsible lifestyle where consequence is just an afterthought. Fitzgerald uses these characters to expose this life with their selfish actions. It has been said that this is a statement of the moral differences in the social classes. Fitzgerald’s story shows the clear delineations between different social/economic classes: new money/ old money, â€Å"the haves†/ â€Å"the have-nots.† How are readers to interpret his comments on each of these groups? Does he hold any one group above the other? Are there ways in which people of all groups are alike? How are these ideas shown in the text? Answer yes or no to the questions with an explanation. Do some brainstorming of these questions. Think about the prompt. What do you want to write about? Spend more than a few minutes with each prompt. Mackenzie White English 3 honors Ms. Maggert The Great Gatsby In life we are all ranked in social and economical classes, meaning we are onShow MoreRelatedThe Great Gatsby Analysis1274 Words   |  6 PagesAlthough the timeline is kept vague in The Great Gatsby, F. Scott Fitzgerald makes it clear that his work of art is based in the early 1920’s between World War I and the Prohibition. This was a transitional period in the United States. America changed after the war and as a result, so did life. The idea of the perfect life fluctuated as troops began flooding back to the United States, migrating to cities, picking up jobs, and buying houses for their new or planned families. The economy was boomingRead MoreAnalysis Of The Great Gatsby 857 Words   |  4 PagesEnglish 3 3 February, 2016 The Great Gatsby Character Analysis Essay: Jay Gatsby â€Å"It is easier to live through someone else’s existence than to complete yourself. The freedom to lead and plan your own life is frightening if you have never faced it before. It is frightening when a man finally realizes that there is no answer to the question who am I except the voice inside himself.† (Betty Friedan). If the name â€Å"Gatsby† was fraudulent, then perhaps the description â€Å"great† in the title of the bookRead MoreGreat Gatsby Analysis1551 Words   |  7 PagesSmithley Vil Mr.Haughey World Literature 10 October 2012 Gatsby Analysis Isolation is a significant and recurring theme throughout the novel â€Å"The Great Gatsby†, by F. Scott Fitzgerald, that has had a great impact on its characters. A few in particular are Nick Carraway, Daisy Buchanan, and â€Å"Jay Gatsby†. Nick who appears to be everyone’s closest friend and confidante when he is really the most alienated character in the novel. Daisy Buchanan who feels alone and ignored, even while married, withRead MoreThe Great Gatsby Analysis5626 Words   |  23 PagesIntroduction â€Å"The Great Gatsby†Ã‚  is a  novel  by the  American  author  F. Scott Fitzgerald. First published in 1925, it is set on  Long Islands  North Shore  and in  New York City  from spring to autumn of 1922. The novel takes place following the  First World War. American society enjoyed prosperity during the â€Å"roaring†Ã‚  as the economy soared. At the sameRead MoreThe Great Gatsby Written Analysis876 Words   |  4 Pages Gatsby is Whipped (An Analysis of The Great Gatsby written by F. Scott Fitzgerald) F. Scott Fitzgerald is arguably one of the greatest writers to ever come to earth. In the 20th century, he wrote far beyond his time, and wrote about topics that others were afraid to bring up. â€Å"Genius is the ability to put into effect what is on your mind.† (Fitzgerald) One of his better known novels, The Great Gatsby, brings up several diverse and arguable topics, but also presents many messages too. The threeRead MoreAnalysis Of The Book The Great Gatsby 839 Words   |  4 PagesMia Mooko AP Lang. Summer Assignment 30 July 2016 The Great Gatsby Section One: 1. By the third paragraph of the third chapter, verb tense changes. What is the effect of this change, or what do you think it s purpose is? When describing Gatsby s parties, Fitzgerald switches from past to present tense not only to make the reader feel as if they are engulfed in the festivities, but to also emphasize the repetitiveness and predictability of his parties. By using present tense, the readerRead MoreLiterary Analysis Of The Great Gatsby 1490 Words   |  6 PagesJaylinn Cooper Mrs. Fowler English III March 3, 2017 Literary Analysis of The Great Gatsby The 1920s in America, known as the Roaring Twenties, was a time of celebration after a destructive war. It was a period of time in America characterised by prosperity and optimism. There was a general feeling of disruption associated with modernity and a break with traditions.The Roaring Twenties was a time of great economic prosperity and many people became rich and wealthy. Some people inherited oldRead MoreThe Great Gatsby Book Analysis1016 Words   |  5 Pagesthoughts by expanding my knowledge on deeper meanings and symbolism in literature. Before reading The Great Gatsby, it was just a book about a man who had great wealth and threw many extravagant parties to get the attention of a woman named Daisy Buchanan. After further analysis, I discovered there was a deeper meaning to almost everything that I had read. The whole plot of the book The Great Gatsby has an entire different meaning if you look past the surface of the book. Throughout this story youRead MoreAnalysis Of Money In The Great Gatsby1111 Words   |  5 Pages(Literary analysis on The Great Gatsby by F. Scott Fitzgerald) Gold diggers are commonly known as women that only go after a guy because of the money that he has. The said women doesn’t even need to love the man just to have the money is enough to keep her around on him. Often times there is a man that really does like this lady, but because he doesn’t have money he never gets with her. What if this man without the money decide he would do anything to get money to impress the girl. The Great Gatsby byRead MoreThe Great Gatsby Character Analysis956 Words   |  4 PagesIn the book, The Great Gatsby, written by F. Scott Fitzgerald, there is a strong message about the social class systems about the societies that exists between them. First, there are people like the Buchanans and Jordan Baker who were born into wealth and never really had to work for their money. Secondly, The new money people who can never really be like them, inherently because they have had to work for their money and sometimes finding it had been rough while doing so. (Houghton Mifflin) In

Friday, May 8, 2020

Industrial/Organizational Psychology Paper - 794 Words

Are you fit to be an Industrial or Organizational Psychologist? Most would say yes in a heartbeat Industrial psychologists associate themselves with people in the workplace. Industrial psychology is often called personnel psychology, which is directly related to the field also known as organizational psychology. Usually industrial psychologists evaluate the differences between individual workers and also individual jobs. Organizational psychologists normally seek the understanding of how workers function in an organization and also the role of the organization in society. What is Organizational/ Industrial Psychology Organizational/ Industrial Psychology is the study of activities in work environment. Industrial and Organizational†¦show more content†¦The Evolution of Organizational/ Industrial Psychology I/O psychology is a fairly new field in the world of psychology. Industrial Psychology didn’t become fully functional until the late 1920s. Prior to the late 1920s, several individuals had started to improve the workplace. Differential psychology, which became known during WW I, was the root of improving the workplace. It paid close attention in on how people are different but was not very successful in helping with ones job. The second idea was experimental psychology. This branch attempted to treat everyone as the same and tried to define laws in how people are similar. It also failed. . The third idea was scientific management (Newman, B. M. (2006). This was the idea that there is only one best way to perform a job. It was based on the fact that money is an incentive and left out the idea of job satisfaction. The last factor that helped I/O psychology become famous was the human relations movement. This particular movement wanted to keep people happy through motivation along with job satisfaction (Passer, Smith 2005). It also led to the Hawthorne Studies, which was the true start of I/O psychology. Elton Mayo at the Western Electric Company started the Hawthorne Studies from about 1927-1932. Several things that came about during this study was that a work environment must be seen as a social organization not just a productive organization, this would include making decisions toShow MoreRelatedOrganizational Psychology Paper Psy 428924 Words   |  4 PagesOrganizational Psychology Paper Shanna Brookins PSY/428 12/12/2011 Organizational Psychology Paper Introduction Organizational psychology is the study of a formal organization and how individuals and groups act within that organization; in other words, the scientific study of the workplace. The goal of organizational psychology is to help organizations function the best way possible. This is achieved by helping people understand their interactions with each other and create an environmentRead MoreI/O Psychology Paper788 Words   |  4 PagesIndustrial/Organizational Psychology Pamela Groves PSY/435 January 7, 2012 Frank Del Grosso Jr. Industrial/Organizational Psychology The paper will examine the evolution of the field of industrial/organizational psychology, and how industrial/organizational psychology is different from other disciplines in psychology. Industrial/organization psychology can be used in organizations and it focuses on the employees performance and how to make it better. The report will include the role of researchRead MoreIn society jobs are very important to the communitiy .Jobs are nessary to obtain a society and800 Words   |  4 Pageslook at Industrial organizational psychology to a specific job we muse ananlysis a specific job in a particular work organization. First ,we must understand the meaning of industrial/organizational psychology is described as the I-O psychology this foucuses on the work place producitity and realted issues like for instance mental and physical .The psychologist mainly study the attidudes the actions of the employees .Investaging compaines .when someone thinks of industrial organizational psychologyRead MoreIndustrial Organizational Psychology : How Or If They Are Correctly Based On Past And Current Research1259 Words   |  6 PagesIndustrial Organizational psychology (I/O psychology) is the study of human behavior in the workplace or organizational settings. The study of Industrial Organizational psychology is used to conduct research in order to develop and apply solutions to conflicts in an organizational setting (Spector, 2011, p. 5). This paper will highlight topics of Industrial Organizational psychology in the film ANTZ and analyze how or if they are correctly based on past and current research used in the field. TheRead MoreDiscourse Communities Essay1273 Words   |  6 Pagesw riting. Members of discourse communities provide information and feedback that are imperative in order for that discourse community to grow. In the following paper, I will discuss three discourse communities and a genre that they typically use: people who read Nutritional Facts religiously, college students, and industrial organizational psychologists. To begin with, the first discourse community that I will discuss is people who habitually look at Nutritional facts. The Nutrition Facts LabelRead MoreMy Vision And Plans For Personnel Psychology1575 Words   |  7 Pagesp. 1) launched Personnel Psychology over 60 years ago. Then, as now, Personnel Psychology was centrally concerned with the study of people at work. 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Toward this endRead MoreThe Impact Of Applied And Behaviorist Psychology On The Field Of Psychology1327 Words   |  6 PagesImpact of Applied and Behaviorist Psychology on the Field In this paper I will discuss the impact that applied and behaviorist psychology has had on the field of psychology. J. R. Angell at the University of Chicago is possibly one of the most advanced of the functional psychologists, predicted that American psychology was prepared for better objectivity. In 1910, he stated that it is possible that the term consciousness would more than likely vanish from psychology, even more than the term soul hadRead MoreMotivation Research : Curiosity And Career Related962 Words   |  4 Pages Assignment Paper 1 My motivation to do research is both curiosity and career related. I like the idea of living life by asking questions and figuring out why things work the way they do. I feel like it is more beneficial to me to ask clarifying and probing questions; to be content with the state of a problem is to stop looking for more. In a career setting, I recognize the importance of research to a psychology graduate program. Graduate school is centered around a large-scale research project.Read MoreHuman Resource Management And Organizational Success1516 Words   |  7 PagesAbstract The author’s purpose for this paper is to broaden the readers understanding of the role human resource management plays within the context of both employee and organizational success. This paper begins with a look at the historical roots that lay the foundation for the growing need of human resource management (HRM). Some histories believe that HRM can be traced back to medieval times while other argue that human resources functions were not clearly grouped together and identified until

Wednesday, May 6, 2020

Challenges Faced by the Steel Industry Free Essays

Challenges faced by the steel industry Introduction3 Challenges faced by the steel industry3 Conclusion13 Work cited During the 1950s,the European steel market, steel production and import unrelentingly augmented. This created surplus provisions on the promotion of the Six. Due to this, there was deterioration of the market together with its selling value. We will write a custom essay sample on Challenges Faced by the Steel Industry or any similar topic only for you Order Now This drop continued as a result of antagonism from inexpensive introductions from eastern nations. Therefore, the European steel industry was actually positioned at a drawback for the reason that its cost prices were higher than those of its contestants (Steel Industry and the Environment p. 1). Consequently, there was a proposal from the High Authority that there should be limitations in the import steel from third countries and also increase in the convention tariff by a certain percentage. This proposal brought concern to the European administration and industry, which feared that their operating associates would take castigatory procedures. In the year 1963, the High power, during the reign of the Italian President Dino Del Bo, there was a proposal of the ordinary viable guiding principle. On the other hand, the administrations differed on the concern that, the level of fortification was only afforded for by the ordinary exterior tariff (Steel Industry and the Environment p. 1). Therefore, the High power made use of its authorities in order for there to be adoption of a number of proposals which included, the mandatory where there was concern of there aspirations. Though there was a suggestion of an option in regard to the means of achieving the aims. This offered an invitation to the administrations in order for there to be a set up of tangential fortification at a level which is at a minimum height of 9 %. This was, at an instance where there was a requirement by Italy. This was later followed by the French Government criticism that the alternative had been made to the supranational technique, though this was the only available alternative despite the divergence amid the administrations. In the end, there was a challenge by the role of the High Authority, by numerous administrations, which turned to be a question once again (The European Steel Industry p. 6). The encouraging substance outcome attained during 2004 by the steel mills are still being working out their optimistic impact on the in general movement of this commerce throughout the first half of 2005. There has been a great cover on the stipulation for the steel inventions on the entire manufacture of the first section regardless of the increase in the quantity of mills. Therefore, there has been augmentation in their production, which in turn will offer response to the promotion necessities that have confirmed a stipulation in the expansion, even though this has emerged lethargic in some areas and burly in others (The European Steel Industry p. 6). The Arab area was possibly among those main sections, which have observed an augment in manufacture of, and also stipulation for the steel products throughout the first quarter of this year. In most it has been made known that the construction statistics of the most prolific nations in the Arab region have exposed an augment in the production expansion speed of extended and level manufactures. According to the predictions of the International Iron and Steel Institute (IISI) the global stipulation for the steel creations there was an observed growth of 3. 7% throughout the year of 2005. Therefore, there is an expected increase in the demand by the IISI that the stipulation will surpass one billion tons for the first time that is up by 36 million tons in comparison to 2004 (Challenges and Opportunities of Steel industry . . 1). According to Areclor, which is the largest steel manufacturer globally, there has been a contradiction in the views expressed by number of companies in the decision making in the reduction of their own production due to the slowdown in the demand and also in the maintenance of the supply or stipulation demand. All this is in spite of the growth of t he statistics, which point out to the augmentation in stipulation and an increase in the production in a number of regions in the globe (â€Å"Analysis of economic indicators of the EU metals industry p. 1). This has led to the declaration that there will be reduction in the manufacture of even formations by a number of tons in the first half of that year due to the low stipulation in the promotion of the European Union. Although, this decrease unreservedly aspires at offering support to the advertising costs that the company has already publicized. This has clinched an augmentation of Euro 15/ton effectual early in the second quarter. The second largest steel producer, â€Å"Mittal Steel†, provided some analysis that opted to taking comparable applications to that of Arcelor (â€Å"Analysis of economic indicators of the EU metals industry p. ) This offered assistance in the reduction of the creations within the perception of the requirement of upholding the provisions and stipulation stability of sustaining the values at the cost of measure. Therefore, that is what the steel industries have been determined to attain in 2005, particularly after the augmentations that took place i n the prices of the raw substance. Particularly, the iron ore industry, which had indentures concluded in the year 2005 with an augment of up to 71. 5% over the stage of preceding year. There may be an illustration to a new path for this steel manufacturing during this year (The European Steel Industry p. 6). Therefore, this tendency of the modifications observed by the global steel markets, which are determined in the light of the promotion actions and through the proposals which were being taken by the main corporations. This controlled the majority of the steel production internationally, which may depict a new path for this production during that year. This track was set as a foundation on viewpoint punctuality from, sustaining value at the cost of measure. Therefore, this may somehow or one more, signify that the steel cost will keep on going in the same drift observed by the steel creations during 2004 in addition to the first quarter of 2005, to be precise, the increasing tendency of prices. Therefore, this may lead to the increase on the complexities facing the steel customers in a number of the main overwhelming segments at the front of which are the sectors of building, manufacturing productions and cylinders and conduit manufacturing (The European Steel Industry p. ). The Arab steel manufacturing saw an apparent enlargement throughout the year 2004 and early 2005. Therefore, this development is symbolized in escalating the manufacture, which had a powerful justification in entering into indenture on the measure manufactured throughout the first quarter and measures of some fractions of that year. There must be a stimulation of the necessity of making as a severe review of the situation of the markets as to take into deliberation of the well-matched provisions and stipulations. This is all in order to shun any saturation under the force of the requirements of manufacturers for there to be an augmentation in the production which may result in a turn down in cost and materialization of the price antagonism in the promotions. Despite, there was a hold back, which commenced to come into continuation for a number of steel creations in a number of promotions (The European Steel Industry p. 8). The monetary recuperation experienced by most Arab promotions because of the high gas and oil costs comprised an encouragement to the surroundings for the affluence of the preponderance of the other different divisions. This led to the prevention of the quick appearance of the holding back circumstances of stipulation in some intense segments. Nevertheless, this delay came into continuation when the steel overwhelming segments became powerless in the take up of the sustained augment in the cost of the produces, which may enlarge into a higher enlargement in the prospect (The European Steel Industry p. 8). The increase observed in the steel costs, which were further than many prospects, stand in itself occasions and confronts. These occasions were to be made use of, hence requiring that the confrontations should have been examined that the steel manufacturers will be required to maintain the explosion, which it has observed. This detonation was given a productive suggestion in the enhanced circumstances of the steel industries, which have also offered contribution to inspiration of the expansion procedures of the steel manufacturing. This is only achieved by having reflections of coming up with a number of many innovative developments (The European Steel Industry p. 6. ). Privatization of the European steel manufacturing has made a significant move in the direction of a more competent manufacturing organization. The major confrontation of the industry is the post-privatization and is required to convene the prospect of the industry’s innovative stakeholders. This is in different to the administrations, classified shareholders who in turn have different or even more monetarily familiarized objectives. Those industries that are possessed by the state have more focus on the maintenance of the production volume in order to secure jobs rather than on their end product presentation. Differently in the case of the private shareholder, there is more focus on the average return, which implies that there is a look into the enjoyment of the price of the share together with its bonuses. This takes place over a given period of time in order for they’re to be an evaluation of the presentation of the reserves of the steel markets (Directorate Science, Technology And Industry p. 2). . More and more, the European steel market is required to have an international competition with other different segments in the steel industry for capital to investment prospects. Therefore, the steel industry is required to show and at the same time demonstrate the worth formation possible of their approaches to the worldwide monetary society. Increase in the concealed possession and commercial awareness has offered assiststance to the steel corporations to function outside countrywide limitations and optimize their possessions organizations in the European background, focusing construction mainly in superior worth creations that are added. Over a number of years, the European steel makers have combined productions, exchanged possessions, cooperative undertaking, easing unity of the European steel industry (Metal Bulletin Research p. 1). In the opening new Challenges in the industry, if continued at present circumstances, the company’s improvement is likely to put additional damage on the energy, carbon dioxide and on our ecological trail in universally and also the raw material possessions. Other challenges that come about in this steel industry will be due to the high anticipation on the increase of energy stipulation. Therefore, the demand in energy will add to with about 60 % amid 2002 and 2030. In excess of 66% of the augment in global power stipulation amid 2002 and 2030 is likely to originate from those nations that are on the rise. Such countries are particularly in Asia. Also China counts for over 20% of the entire augment (Metal Bulletin Research p. 1). In the enhancement of the carbon dioxide confrontation, there is a likeliness of ArcelorMittal decreased carbon dioxide emanations by over 20% since 1990, through scientific expansion and reservations. Therefore this consequence surpasses the European Kyoto target by about two and half times. Although there is still much further development to comprehend as steel creation in countries, for instance like the CIS or China has a much higher carbon dioxide emanation speed, up to two times the heights which are allowed in, North America and Western Europe (The European Steel Industry 2001 p. 6. ). Despite all the challenges, there is no jeopardy of shortage, although a number of features are likely to lead to a good deal of lower quality resources. There are also, steel corporations that offer protection to their enduring supplies through upright incorporation. Since 1999, there has been an increase in the stipulation in the world steel steadily. Nevertheless, this augmentation has been in acceleration since 2002 and has symbolized up to around 50 million tones additional yearly. In 2003, there was an increase in the world steel expenditure increased by about 6. 6% measuring up to 2002, and additional enhancement by 6% in 2004 and 5% in 2005 were in expectation (Directorate Science, Technology And Industry p. 2). This strong rush in the consumption of steel is as a consequence of the spectacular acceleration of familial steel in terms of its stipulations in China where there has been an average of 2. 6% yearly steel consumption that had been increasing by over the time 1995 to 2000. This augmentation has been by some 25% yearly ever since 2001 and there is an anticipated growth which is likely to take place at a rate which is a very fast pace also in both 2004 and 2005. In comparison to this, there was a decline in the consumption of steel in the rest of the world by 4. 2% in 2001 and since then there has been an annual rate of 2. % (Directorate Science, Technology And Industry p. 2). There was a turn down in the steel expenditure OECD region by 0. 5% in 2003, which was a total difference to the year 2002. This therefore, gave an indication of an 8. 9% reduction in North America that counterbalanced a 2. 6% add to in Europe and a 4. 5% augmentation in the Asian-Pacific region. Due to the bett er economic conditions in the region during 2004, the steel expenses in the OECD were anticipated to rise by nearly 3%, with the North American as the promotion grasped most of the augmentation (+5. 7%) and more reasonable increase in Europe (+2. %) and Asia (+1. 3%). Therefore, the tendency was anticipated to persist also in 2005 (Directorate Science, Technology And Industry p. 2). Other many challenges that are facing the steel industry, include, the increase in the considerable steel prices that has led to more generation of profit in the industry of steel. However this has also led to the reduction in the limitations due to the spectacular add to in prices of raw materials and shipment. There are also some jeopardizes of the scarcity for scrap and coke that help in the process of manufacturing steel. Therefore, the important enlargement in prices of most steel creations at the commencement of 2004 created troubles for many industries that were consumed steel (The European Steel Industry 2001 p. 3. ) There was an expectation that, as the cost of the raw materials begged off within that year, there was anticipation that the cost of steel was likely to stay put at comparatively high heights for the rest of that year. In common with the augmentation in the cost of the raw material, there was a dramatic increase in the transportation costs. Also there was an increase in the contract charges for huge vessels which augmented fourfold in a single years, as of 17 000 $/day in January 2003 to 68 000 $/day in early 2004. However afterwards, the rates of shipment began to decline and were likely continue with the decline taking into consideration the limitations on loaning that was introduced by the Chinese administration in order to deliberate the expansion (Directorate Science, Technology And Industry p. 2). In the current years, the opening between aptitude and manufacture condensed. This lessening in the past few years was mainly significant in the OECD region, where steel-manufacturing aptitude had confirmed a net decrease of about 41. 5 million tones, or 6. 7%; a further net reduction of some 15 million tones which was anticipated by 2005. In the NIS, most of the outdated unproductive surplus aptitude has been blocked. Though, with the increase in the familial stipulation and a high level of exports, a number of innovative capacities are anticipated to come on stream in the near prospect. Also pressure and complexities in raw substance markets lasted up to the end of 2005, by which time alterations that were expected by contractors assist in the easing of the complexities (Directorate Science, Technology And Industry p. 2). There are also a number of challenges that are faced by the steel industry. They include, the steel market is experiencing a holding back in the stipulation. This is happening in both the restricted and worldwide face. Therefore, due to this, there are a number of smaller producers who are really far prolonged with arrears, and are taking damage. At that height of the promotion, there are clear indications of the effects of the deceleration. There are a number of key reasons that are accountable for the turn down of the stipulation in the steel industry. The initial cause is the rate of interest indecision that has put anxiety on the customer expenditure, in general. There is also a condensed customer expense that has affected all industries to some level (Woodley, et al p. 6). As there is reduction in the expenditure of the customers in the chain value, there is a reduction in the volumes and profits of the retailers and, in turn, the contractors and manufacturers. This clearly indicates that once there is talk in the reduction of the interest rate, there is a likeliness of the opinions of people turning positive hence leading to more expenditure from the customers. The other reason that has led to the economic deceleration is the international sub prime, which commenced in the US and has been making effect throughout the monetary markets globally. Therefore, there is anticipation since the nation is still waiting to see if it will get affected. Therefore, the impact of the US hold back is likely to be insightful and it is important for the world to work through it and the extremes of the precedent (Woodley, et al p. 6). Conclusion The steel industry has had a number of challenges that have had a great impact in the sector hence lowering its income. They include, the steel market experiencing a holding back in the stipulation. This is happening in both the restricted and worldwide face. Therefore, from the observation, there is a clear indication that the steel industry had had it all in terms of its economy, demand and supply. There is a likeliness of the company observing an augmentation in its stipulation for all cold-rolled, thin measure stainless steel. This is because the cookery facilities are generally among the last things to be improved prior to any event like that (Woodley, et al p. 8). Therefore, in spite of the recession experienced in universally, there is likeliness that there has been fragmentation in the stainless steel market, as the tank-tainer promotion explodes in harsh contrast with the rest of the industry. This kind of trend is not rare in the stainless steel industry in addition to the carbon steel industry. This is because the possessions have got an extensive variety of submissions together with their duration of use on many potentially contradictory markets. Therefore, there is a possibility of a number of divisions in the promotion showing an improvement while others indicate a recession. Therefore, this is not a bad thing in the industry of steel though the most important thing is for the steel market to be prepared for the challenges Woodley, et al p. 6) Work cited â€Å"Analysis of economic indicators of the EU metals industry: the impact of raw materials and energy supply on competitiveness. † European Commission, 2006 â€Å"Challenges and Opportunities of Steel industry† 2005. 31March 209 http://www. arabsteel. info/total/long_editor_last_e. asp? ID=18 Dirctorate Science, Technology And Industry. â€Å"Recent Steel Market Developments† 2004. 31March 2009 http://www. oecd. org/dataoecd/34/48/32366875. pdf. Metal Bulletin Research, Steelmaking Raw Materials Monthly Issue 146, July 2008 â€Å"Steel Industry and the Environment, Technical and Management Issues. † IISI and UNEP Technical Report No. 38. 1997. The European Steel Industry: â€Å"Restructuring in an Era of Globalization† 2001. http://www. hatch. ca/consulting/knowledge_base/Articles/THE%20EUROPEAN%20STEEL%20INDUSTRY%20RESTRUCTURING. pdf. Woodley, David Wilkes, Alan. â€Å"European Stainless Steel Industry Faces Fundamental Restructuring† 1998. 31March 2009 http://www. hatch. ca/Consulting/Knowledge_Base/Articles/European%20Stainless%20Steel. pdf How to cite Challenges Faced by the Steel Industry, Essay examples