eased with the falling Asian currencies making their goods more competitive on the world markets therefore putting more pressure on these states. One industry that was impacted by this crisis and will be discussed in detail was the U.S. steel industry.
             U.S. steel industry has experienced many negative short run effects associated with the "Asian Financial Crisis" that will be felt for a long time. Before the crisis began, Asian countries financed construction of steel manufacturing plants, offices and buildings. These loans from governments and private banks were based on a totally unrealistic view of sustainable growth. With the "Asian Financial Crisis" and the impact of non-performing debt on Asian economies proved to be disastrous. What
             ...