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冶金工程专业英语范文讲解：Part1FundamentalsofIronandSteelmakingPart2IronmakingPart3SteelmakingUnit1Globalsteelindustry1.OverviewThetotaloutputfromtheindustryexceeds1.4billiontonsin2005,mostofitaugmentedbytheincreaseinoutputfromChina.Thisisexpectedtoincreasefurther,makingsteeloutputfromChinaamongthelargestintheworld.Thesteelindustrydemonstratesahighdegreeofvariability,bothintermsofearningsandproduction.Thefactorsattributablefordrivingthisvariabilityareglobaleconomicconditionswithaparticularsensitivitytotheperformanceoftheautomotive,construction,capitalgoodsandotherindustrialproductsindustries.Thecommoditynatureofsteel,theproducersandconsumerslimitedcontrolonprice,andthedemandandsupplydisparityhavemadesteelpricesvolatile.Significantincreasesinpricesformetalsandenergyoverthepasttwoyearshavealsocontributedtoincreasedvariabilityintheindustry.2.BriefCompanyOverviewsThenewsteelcompanywillhaveabout334,000employeesworld-wide,andrevenuescloseto$70billion.Arceloriswell-positionedinWesternEuropeandcateringthehigh-gradeautoandconstructionindustry.Mittalwithmillsspreadoutthroughthefourcontinentsinlow-costlocationssuchasCzechRepublic,Mexico,andKazakhstan,producingmostlybasicsteelproducts.StilltherearethingstobesettledbetweenArcelorandMittal.Forexample,thefateoftheCanadiansteelmakerDofascoacquiredinApril2006byArcelorisyettobedecided.Mittal’saggressivebusinessmodelhashelpedthecompanycreateaprofitableenterpriseincountriesthatwerenotregardedasobviousinvestmenttargets(suchasUkraineandIndonesia).Ithastrackrecordofbuyingloss-making,bankruptorunder-producingsteelcompanies,andturningthemaroundbyrestructuring,costcuttingandlayoffs,therebycreatingleanerandmorecompetitiveoperations.Thecompanyhasproductionunitsin17countries.Incontrast,Arcelorholdsfrontrunningpositionsinitsmainmarkets:automotive,construction,householdappliancesandpackagingaswellasgeneralindustry.ArceloristhenumberonesteelproducerinEuropeandLatinAmerica.Takingadvantageofitsnowdominantposition,Arcelor-Mittalhasambitionstofurtherexpandinternat
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