0But despite the output increase, steel makers may face a large pressure on their earnings, if they cannot 01b00pass on the huge rise in prices02b00 of iron ore and coking coal to their products.02br 02br 01i01b00Pass on02b02i00 here means to increase the prices of their products, right?02br 02br 00Thanks02br 00LiJ0-
Top answer
0No, it means to 01b 00transfer02b 00 the price increase to their products. 0-
— Marius Hancu
0No, it means to 01b 00transfer02b 00 the price increase to their products.
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0LiJ, the opposite situaton is "absorb."02br 02br 00Let's say I pay $10 for my materials, and I work with them to create a product that I sell for $20. My gross profit is $10.02br 02br 00If the cost of my materials goes up to $12, I can either pass on that costs to my customers, and charge $22, keeping my gross profit at $10, or I can absorb that increase,