Investigation of the conjuncture on the market of the global metal products market
Journal Title: ВІСНИК ПРИАЗОВСЬКОГО ДЕРЖАВНОГО ТЕХНІЧНОГО УНІВЕРСИТЕТУ Серія: Економічні науки - Year 2018, Vol 1, Issue 35
Abstract
The article displays scientific and methodical character. It represents an attempt to define fluctuations of the conjuncture fluctuations on the international market of metal production. It is found that market fluctuations that occur on the international market of metal production are caused by several factors –such as globalization, shifts of the world leaders in manufacturing and export of metal production, process improvement, the necessity to manufacture high-tech steel grades, globalization of markets and production factors etc. It is also found that transformational process have now become an important factor of development of the worldwide business links. HHI for the world market of metal production was calculated. The international metal production market proved to be quite concentrated as its HHI has remained to be>1800 for nearly a decade. HHI dynamics for 2007 – 2016 is presented. The current tendency of manufacturing metal production appears to be negative. In the years of 2007-2016 the world output of metal production dropped. The reasons of that are the following: the world’s economic crisis, growth of the goods; manufactured of substitutes. which are to replace the goods previously manufactured of metal; drop in construction volume; general overproduction in this branch of industry. It was determined that under conditions of the world’s economic crisis it was necessary to develop a concept for development of the native iron and steel industry that could predict: reduction of dependence on export, due to development of metal consuming industries of branch in Ukraine (shipbuilding, aviation engineering, machine building); ensuring manufacturing of high tech steel grades that are of higher demand on the market, application of technologies, capable of diminishing dependence on expensive energy carrier; technical modernization of the branch with objective of diminishing negative environmental consequences.
Authors and Affiliations
Larysa Kapranovа
Keywords
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- EP ID EP531275
- DOI 10.31498/2225-6725.35.2018.146189
- Views 28
- Downloads 0
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