Cost management in metallurgical production

Abstract

Price changes in the global raw material markets significantly infl uence the economic characteristics of Czech metallurgical companies as well. This article illustrates the utilization of changeable market situation when purchasing of raw materials infl uence on significant cost savings. The possible use of technical analysis methods to achieve potential cost savings in metallurgical companies is illustrated on the prices of imports of Ferro alloys - FeTi to the Czech Republic.

Keywords

• metallurgical production
• methods of the technical analysis
• purchasing
• cost savings