“…In the context of transportation of oil, gas, biodiesel 54 and other components that are directly related to the cost of transportation, a number of economic factors influencing metallurgy can be identified: - Prices of metal resources: Prices of steel, iron, aluminum and other metals have a direct impact on metallurgical production. Increasing prices for metals can increase the cost of production and reduce the demand for metallurgical products 1 – 3 , 10 , 16 , 45 – 49 , 55 , 56 .
- Demand for metallurgical products: economic growth and the construction industry can lead to an increase in demand for metallurgical products, while a recession in the economy can reduce demand 2 – 5 , 7 , 19 , 22 , 28 – 30 , 45 – 49 , 57 – 62 .
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