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Steel emerged as one of the premier companies in the world economy. Perhaps its dominance can be best described by the fact that U.S. Steel was once known as “The Corporation” on Wall Street.
Once the world’s largest steel producer, U.S. Steel has experienced a considerable dip from its hey-days. Its fall in prominence can be attributed to its failure to adjust to an ever-changing global market. While there can little argument of its initial innovative nature, over the decades, U.S. Steel has seen its market share steadily decrease as a result of increased domestic and international competition...
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