The article presents the world experience in the development of the mining and metallurgical market.
The mining and metallurgical industry is characterized by non-renewable resources. The mining and metallurgical market is represented by many large companies of the countries of the world. The leaders of this market are Japan, Luxembourg, Korea, and China. Arcelor Mittal, Nippon Steel, Hebei Iron & Steel are the largest metallurgical companies in the world that influence the global metal products market. The enterprises of Korea, Japan, and China are the founders of the world metal production. The results of the activities of the top 40 companies in the industry showed that the industry is in the recovery phase. In modern conditions, there has been an increase in the EBITDA level due to lower costs, increased labor productivity, and low raw material prices. At the moment, operating profitability has increased due to rising prices. Significant investments have been made in production facilities. Investors are actively investing their funds, which gives companies more opportunities to invest in projects. Due to the growth of productivity and technological progress, the list number of employees in the industry is decreasing.
In most countries, income tax rates are relatively stable, with the exception of the United States, which is
undergoing tax reforms that reduce tax burdens. The profit and profitability of the enterprises of the industry is increasing, which indicates the great opportunities of the enterprises of the industry. The growth of cash flows from operating activities allowed companies to implement their strategies. New players and consumers are emerging in the mining and metallurgical industry market. It is planned to increase the level of integration and digitalization in the industry
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