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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 669 |
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Another factor that caused a change in supply was the number of producers in the market. As the price of raw materials increased there was a slow down in the cheaper Chinese steel exports, and when price goes down the quantity decreases so buyers had to purchase from other suppliers such as ArcelorMittal which they wouldn’t normally buy steel from...
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Which euros are valued higher than other forms of money in other countries such as the United States, and that’s the main reason they had such large boost in profits. The increase in steel shipment worldwide, some of the cheaper competition cut out and the self sufficient of raw material all helped ArcelorMittal profits increase...
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