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- W1506179327 abstract "Regression analysis was used to investigate the determinants of stainless steel wrought products in the US market. It was found that the domestic prices of stainless steel wrought products are primarily a function of the average total cost of production and the import price. The price of stainless steel sheet is strongly constrained by import prices, therefore the domestic price is often well below the average total cost of production. The price of stainless steel strip is less sensitive to the price of imported strip, the domestic price apparently set by adding a percentage markup for return on investment to the average total cost of production. Competition from imports generally constrains the price of domestic stainless steel to a level below that of average total cost of production plus a reasonable markup. It appears that many of the producers of stainless steel in this country sustain losses in their operations over two to four years, with the expectation of realizing above-average returns when stainless steel demand reaches a peak. Therefore, even at high rates of capacity utilization, domestic stainless steel producers are unable to lower their prices. 8 references, 4 tables." @default.
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- W1506179327 date "1980-01-01" @default.
- W1506179327 modified "2023-09-27" @default.
- W1506179327 title "Analysis of the determinants of stainless steel pricing and imports in the United States. Part I. Pricing" @default.
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