A Quote by Lakshmi Mittal
We have experienced highly challenging global market conditions in the past quarter with significant steel price decline in all regions.
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Oil is a tangible commodity, so there is a global market. The fact that we may need less may affect the global price because we're big consumers: we probably take about a quarter of global demand. But if suddenly, let's just use a crazy example, fighting in the Middle East led to the closure of the Strait of Hormuz and no oil could get out through the Strait of Hormuz, well that would affect China, India, Europe, it will affect the whole global economy. It will affect us, too, then.
Every quarter, we need to see the portfolio and follow the accounting practice of mark-to-market that values investments according to the prevailing market prices and at the price at which they are made.
A decline in the national housing price level would need to be substantial to trigger a significant rise in foreclosures, because the vast majority of homeowners have built up substantial equity in their homes despite large mortgage-market financed withdrawals of home equity in recent years.
Clearly the price considered most likely by the market is the true current price: if the market judged otherwise, it would quote not this price, but another price higher or lower.
Our enemies and allies alike must know that aggressors will pay an unspeakable price for challenging the United States. The best way to impose that price is global military dominance.
There is abundant proof that the opening of our ports always tends to raise the price of foreign corn to the price in the English market, and not to sink the price of British corn to the price in the continental market.
Those who obstruct the Senate should pay a price in public notoriety and physical exhaustion. That would lead to a significant decline in frivolous filibusters.
There is no significant man-made global warming at this time, there has been none in the past and there is no reason to fear any in the future. Efforts to prove the theory that carbon dioxide is a significant 'greenhouse' gas and pollutant causing significant warming or weather effects have failed. There has been no warming over 18 years.
Unfortunately, what is happening now in our central regions is evidence of this global climate change, because we have never in our history faced such weather conditions.
The corn law was intended to keep wheat at the price of 80s. the quarter; it is now under 40s. the quarter.
Highly successful leaders ignore conventional wisdom and take chances. Their stories inevitably include a defining moment or key decision when they
took a significant risk and thereby experienced a breakthrough.
Global overcapacity in steel production can no longer be ignored. Foreign governments' intervention in steel markets has had a devastating impact on the U.S. industry.
Time is the most important factor in determining market movements and by studying past price records you will be able to prove to yourself history does repeat and by knowing the past you can tell the future. There is a definite relation between price and time. By studying time cycles and time periods you will learn why market tops and bottoms are found at certain times, and why resistance levels are so strong at certain times, and prices hold around them. The most money is made when fast moves and extreme fluctuations occur at the end of major cycles.
Whereas a competitive firm must sell at the market price, a monopoly owns its market, so it can set its own prices. Since it has no competition, it produces at the quantity and price combination that maximizes its profits.
Real investment risk is measured not by the percent that a stock may decline in price in relation to the general market in a given period, but by the danger of a loss of quality and earnings power through economic changes or deterioration in management.
World leaders need to work together through the rules-based system of the WTO to tackle unfair practices, including the widespread dumping of steel on world markets at less than market price.
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