Our mining and ferroalloys business sells significant amounts of coal, iron ore and ferroalloys to third parties and our revenues aim significantly on these sales. Cyclical and other changes in land market prices of these products affect the results of our mining and ferroalloy operations. The changes in these prices result from factors, such(prenominal) as market supply and demand, which are beyond our control. The global coal, iron ore and ferroalloys supply and demand balance is strongly influenced by interdependent global economic and industrial demand cycles, as wellspring as supply chain-related constraints such as transport capacity, availability of rolling stock, terrestrial transportation congestion, production disruptions and graphic disasters. Prices of the products of our mining and ferroalloys business construct varied significantly in the past and could vary significantly in the future.
â€" Price trends for products
â€" attempt Factors â€" Risks Relating to Our Business and Industry â€" We operate in cyclical industries, and some(prenominal) local or global downturn, whether or not principally affecting the mining and/or make industries, may have an adverse effect on our results of operations and financial condition.
The steel industry is highly cyclical in nature because the industries in which steel customers operate are cyclical and sensitive to changes in general economic conditions. The demand for steel products thus chiefly correlates to macroeconomic fluctuations in the economies in which we sell our products, as well as in the global economy. The prices of our steel products are influenced by many factors, including demand, worldwide production capacity, capacity utilization rates, tippy material costs, exchange rates, trade barriers and improvements in steel-making processes. Steel prices in addition typically follow trends in raw material prices and increases in market prices for steel may lag behind increases in...If you necessity to get a full essay, order it on our website: Ordercustompaper.com
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