Essay specific features
October 9, 2013
No of pages / words:
2 / 299
Rating of current essay:
Overall, it is likely that steel prices globally will not remain at their current high levels going forward into 2007.
Environmental Concerns - The US government has introduced legislation to regulate steel mill emissions; the resulting costs in terms of compliance have detracted from margins...
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The high (if recently stabilizing) price of crude oil has driven up transportation costs, so detracting from income.
Cost Cutting - Companies' margins have benefited from industry-wide efforts to increase efficiency by concentrating capital investment into modern, automated plants and energy saving production techniques, reducing production costs in the long term...
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