SELECTED IMPORTANT MACROECONOMIC FACTORS AND DEVELOPMENT OF IRONWORKS PRODUCION PRICES

1 PAWLICZEK Adam
Co-authors:
1 MATUŠKOVÁ Simona 1 CHLOPECKÝ Jakub 2 VLADÍK Vít
Institutions:
1 VSB - Technical University of Ostrava, Ostrava, Czech Republic, EU
2 ArcelorMittal Engineering Products Ostrava Ltd., Ostrava, Czech Republic, EU, vit.vladik@arcelormittal.com
Conference:
24th International Conference on Metallurgy and Materials, Hotel Voronez I, Brno, Czech Republic, EU, June 3rd - 5th 2015
Proceedings:
Proceedings 24th International Conference on Metallurgy and Materials
Pages:
1822-1827
ISBN:
978-80-87294-58-1
ISSN:
2694-9296
Published:
12th January 2015
Proceedings of the conference were published in Web of Science and Scopus.
Metrics:
153 views / 27 downloads
Abstract

The paper deals with the influence of important macroeconomic parameters on development of ironworks production prices. Macroeconomic factors and their effect on final prices (and pig nod foundry charge iron) are often undervalued next to closer surrounding forces inside industrial branch. There was applied evaluative partial PEST analysis and three factors considered as important were highlighted and closely observed: Ukrainian civil war conflict, Czech central bank (CNB) currency interventions and quantitative easing. Significant timeline dates on 2012 - 2015 pig iron production price trend line were pointed and discussed. Necessary statistical calculations as correlations were provided. Kind advice and data of industrial partner were utilized. Results are presented and conclusions are proposed.

Keywords: Macroeconomic factors, quantitative easing, Ukraine, ironworks production, prices

© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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