koba
Alliance Member
Posts: 6 
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Post by koba on Dec 7, 2014 21:53:32 GMT -5
Noting the price history of steel and how it sells, I would like to exploit this resource for profit.
Does anyone have any tips on how to maximize output?
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Post by Andrew Ryan on Dec 7, 2014 23:01:04 GMT -5
Make sure your nation is in a place that can produce iron...that's obvious its best if you produce it yourself. If you have the ability to also produce bauxite(?) The other component for steel that is also a plus because you do not rely at all on the market prices which typically fluctuate greatly and for some reason are SUPER DAMN EXTENSIVE these days. And from there proceed to build as many steel refineries as possible.
For selling the steel you're going to want to post it at about the second to least expensive price or around there if you want it to sell. For an easy quick sell make it obviously the cheapest.
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Post by Jarl Matt on Dec 8, 2014 5:37:18 GMT -5
bauxite not needed for steal? Just Coal and Iron.  |
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Post by Andrew Ryan on Dec 8, 2014 7:23:43 GMT -5
That's what it was coal!!!
Shows how long I've been out of the manufacturing game.
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Post by Jarl Matt on Dec 8, 2014 9:04:06 GMT -5
Haha, can make good money on the steel market - mayhaps you should be manufacturing some steels as well.
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Post by Andrew Ryan on Dec 9, 2014 7:14:10 GMT -5
I used to, but then I stopped to commerce it up. But now because all of my cities are bigger and have more space I could manufacture steel... And perhaps bring down market prices by undercutting it. It might be a sweet deal but I'd need some time to move into it.
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