$ARCELORMITTAL(AMSYF.US)$ In Europe we are having a massive energy crisis due to high natural gas prices since the beginning of this month, due to which Oil & Gas companies are having a rally. Natural Gas is the main component to the production of steel (def. in EU). With a rise in the input (gas price), I would expect a an increase in operating costs of the steel producer, which should mean decrease in margins, reduction of profitability and an eventual decrease in steel price. Moreover there is a decrease in steel demand from China, which should bolster a downward trend of Arcelor Mittal stock. Could you guys explain this trend of steel prices following natural gas price?
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-MT 不出口到中國,所以在那裡沒有損失(相反,中國對 MT 的出口不太大)
-能源確實會影響生產成本,但這個成本會融入最終價格中,沒有真正的損失
-兩個漂亮的單詞:超級循環