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Nevertheless, no strong company was ready for the nice melancholy that the United States experienced throughout the start of the Eighties. On 27 December 1983, U. S. Metal Corporation announced that it will reduce 20{2a3e680f1439d15db2efa1f6e7ed882a5847e72ec9baddde754e69dd847cc2fd} of its steel manufacturing. Together with the austerity measures, got here rounds of layoffs among 1000’s of steelworkers. The company reduce on its home uncooked metal production and made several restructuring. Furthermore, it also entered a number of joint ventures to both home and international partners and non-metal corporations (Wall Street, 1983).

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