Steel costs. How prices of steel affect the auto part producers, and basic economic theories that apply to the case

Title: Steel costs. How prices of steel affect the auto part producers, and basic economic theories that apply to the case
Category: /Business & Economy
Details: Words: 1366 | Pages: 5 (approximately 235 words/page)
Steel costs. How prices of steel affect the auto part producers, and basic economic theories that apply to the case
Steel costs Steel costs threaten makers of auto parts. "Parts suppliers, always under pricing pressure from their customers, have so far had to absorb an astonishing 54 per cent rise in the price of hot-rolled coil steel since last June", (Porter I, 2004, 'Steel costs threaten makers of auto parts', The West Australian, p38). This presents a huge problem for the producers of auto parts, as they see their profits being eliminated, leaving them with two options. …showed first 75 words of 1366 total…
You are viewing only a small portion of the paper.
Please login or register to access the full copy.
…showed last 75 words of 1366 total…short run, but not necessarily so, over the long haul. Reference list: Porter I, 2004, 'Steel costs threaten makers of auto parts', The West Australian, p38 Stiglitz, J, 2002, 'Globalization and its discontents', Penguin Group, London, p172 World Steel Dynamics, 2003, Retrieved: February 29th, 2004, from http://www.worldsteeldynamics.com/earlywarning.html Spain K, 2004, Induction heating, Furnace international, vo2, p12-16 Gans, J. & King, S. & Mankiw N. G., 2003, principles of microeconomics, Ed 2nd, Thomson, Australia

Need a custom written paper?
Buy a custom written essay and get 20% OFF the first order