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How is steel priced?
Steel as with any other commodity is priced upon several factors: Grade of steel, demand factors (high construction, wartime demand etc), iron availability, quantity, labor cost, refining cost, transportation cost, and a host of smaller factors. Like every other commodity, the price of steel is the highest price that the current market will bear.
What is micro economics vs macro economics?
Micro looks only at the market for a particular good. For example, the supply, demand, price, etc for iron ore. Macro is concerned with "the economy" as a whole. Its going to look at aggregate supply/demand for a country, the globe, whatever the scale may be. Things like GDP, interest rates, money supply etc are macro issues. <><> Macroeconomics deals with the economy as a whole and it examines the forest not the trees. whereas microeconomics focuses on specific units which comprises the economy and it deals withs trees not the forest
What is the current price per pound for scrap metal steel in California?
Current is a relative term and prices will fluctuate based on economics, supply/demand etc. As of April 2012, the price per pound for steel/iron scrap ranges from 6 to 7 cents per pound. Check your pricing at local scrap yards or online at various scrap price informational websites
What are the economic importance of iron and steel?
Two important factors. 1. It is the backbone of the industry Why? 2. Trade. For example the RuhrArea in Germany.
How does Mexico make up for resources that are in short supply?
Mexico has to import resources that are in short supply. These include agricultural products, such as corn, soybeans and wheat, or minerals such as raw iron and aluminum that are needed to manufacture other products for its internal industry or for export.
What factors contributed to the start of the industrial revolution?
coal, iron, textiles, transportation, and pottery. (shark)
Why is silver more valuable than iron?
Silver is more valuable than iron due to factors such as scarcity, demand, and uses. Silver is scarcer than iron and has a higher demand in industries like electronics and jewelry, driving its value up. Additionally, silver's desirable properties, such as its beauty and conductivity, contribute to its higher value compared to iron.
How is steel priced?
Steel as with any other commodity is priced upon several factors: Grade of steel, demand factors (high construction, wartime demand etc), iron availability, quantity, labor cost, refining cost, transportation cost, and a host of smaller factors. Like every other commodity, the price of steel is the highest price that the current market will bear.
Silver is more costly than iron because?
There are three major factors: Abundance: the rarer the metal is, the more expensive it will be. Demand: the greater the need or desire the more expensive the metal. Extraction: the harder a metal is to extract from its ore, the more expensive it is.
How do you determine the age of iron?
you look at it
Is there an endless supply of iron ore in Minnesota?
No, the supply of everything on earth is finite. It does not matter where.
Are the uses and demand for iron adequately met by its production?
maby
What other products have been competing with the demand for iron and steel bathroom products?
The increased use of plastic and fiberglass plumbing products reduced the demand for iron and steel plumbing products.
How do you get iron sulfide?
Iron sulfide and many other compounds are available from chemical supply companies.
An electric iron always draws a current of 3.4 amp from the 220v supply line what current will this electric iron draws when connected to 110v supply line?
1.7amp
When does iron man 2 come out on demand?
It comes out Oct 5th
How would you determine the iron content in a igneous rock?
Samples of the rock could be crushed to a fine powder, then separated by magnets to determine the relative percentage of iron.
