Issues of pricing in the iron ore industry

Abstract

The transition to new methods of management, planning and economic stimulation of industrial production is conditioned by the necessity of conformity of prices to their economic basis - cost.Prices for products of the iron ore industry, currently in force, are, as a rule, lower than their planned cost price. As a result, a large number of enterprises and the entire iron ore industry as a whole are planned unprofitable. “Prices should increasingly reflect the socially necessary costs of labor, to ensure reimbursement of production and circulation costs and a certain profit for each normally operating enterprise.” The organization of true economic calculation requires an accurate measure of costs and results. In the conditions of commodity economy such a measure can only be the price corresponding to the cost.

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