FACTORS AFFECTING COST IN IRON AND STEEL INDUSTRY: A BRIEF REVIEW

Abstract

The iron and steel industry, which increases the competition between countries and directs the economic market, meets the demands of many sectors by providing sustainable steel production. The rapid developments in recent years have affected the costs of iron and steel products, causing problems in the sector. Addressing these problems will contribute to the development of countries and increase the competitiveness of enterprises. In this study, the factors affecting the cost of the iron and steel industry were examined and it was determined that the factors causing high costs should be kept at a minimum.