Recently, the spot market price of U. S. hot rolled steel plummeted to $400 per ton. Just one year ago, this same ton of steel cost $700. According to Metals Monitor, the drop in price was due to falling oil prices, along with a rise in cheap imports and excess capacity. These dramatic market changes have greatly impacted the supply of raw steel.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Recently, the spot market price of U. S. hot rolled steel plummeted to $400 per ton. Just one year ago, this same ton of steel cost $700. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
What factor determines whether a product satisfies a customer's wants and needs?
Answers (1)
Which of the following environments are optimal for a localization strategy? Select one: a. When pressures for local responsiveness are low and pressures for cost reductions are high b.
Answers (1)
Steve, a salesperson at Cann Computer Corp., confirms that his prospective customer needs 50 new computers that offer high-quality graphics. During his sales presentation, Steve should
Answers (1)
The price of diamonds is high, in part because the majority of the world's diamonds are controlled by a single firm. This is an example of a. a market failure caused by equality. b. a market failure caused by an externality. c.
Answers (1)
The date, time, and location of a local robbery would most likely be inlcuded in
Answers (1)
New Questions in Business
John operates a boat rental business in a competitive industry. He owns 10 boats and pays $1,000 per month on the loan that he took out to buy them. He rents each boat for $200 per month. The variable cost for each boat rental is $50.
Answers (1)
Analyzing and Reporting Financial Statement Effects of Bond Transactions Winston Inc. reports financial statements each December 31 and issues $400,000 of 9%, 15-year bonds dated May 1, 2017, with interest payments on October 31 and April 30.
Answers (1)
A firm has sales of $3,340, net income of $274, net fixed assets of $2,600, and current assets of $920. The firm has $430 in inventory. What is the common-size statement value of inventory?
Answers (1)
According to the graph, how do expansionary fiscal policies affect the economy? a. The government decreases spending to save more money. b. The government increases spending to raise output of goods and services and create jobs in the short term. c.
Answers (1)
John and Barb could have drawn attention to their services in several ways by using effective integrated marketing communications.
Answers (1)