What is a major cost center for steelmakers? Option: Marketing and advertising, Employee salaries, Research and development, Power and fuel

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What is a major cost center for steelmakers?

Marketing and advertising

Employee salaries

Research and development

Power and fuel

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What is a characteristic of steelmaking as a business?

Low-skilled workforce

Technology-driven

Labor-intensive

Asset-heavy

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What is a key driver for steelmakers to own their logistics infrastructure?

Increased market share

Enhanced customer satisfaction

Improved brand reputation

Potential cost savings

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Which of the following steel production methods primarily utilizes scrap steel?

Sintering

Basic Oxygen Furnace (BOF)

Electric Arc Furnace (EAF)

Pellet Processing

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What is a major challenge for the steel industry in terms of future demand?

Increasing raw material prices

The world using steel more efficiently

Growing popularity of alternative materials

Lack of skilled labor

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What is a key factor influencing the cost of aluminum production?

Transportation Costs

Labor Costs

Raw Material Availability

Power Consumption