We propose the mathematical model of the price movement for the carbon steel and ferrous scrap from the market data. First, we check two models for the ferrous scrap data, i.e., one is a linear Gaussian model, and the other is a lognormal model. Secondly, the mathematical model of the carbon...

This paper examines the supposed welfare gains from strategic trade and industrial policies in the U.S. steel industry. Strategic policies to capture labor rents lead to an endogenous response which greatly diminishes their importance. On the other hand, reducing domestic labor market...