Iron and steel basic industries instability


The cost of making steel is so largely fixed that profits disappear quickly when output falls. This produces a temptation to sell at any price. In combination with the world overcapacity for steel production, sales volumes and prices are subject to considerable variations.

Related UN Sustainable Development Goals:
GOAL 9: Industry, Innovation and Infrastructure
Problem Type:
E: Emanations of other problems
Date of last update
04.10.2020 – 22:48 CEST