Metal Bulletin
2021-11-15u2002·u2002Acronym for Brazil, Russia, India and China. Break-even (i) For a trader, a transaction that produces neither profit nor loss. (ii) For a producer a level of price which clears his operating costs. (iii) For a semifabricator or ingot maker, a difference between his raw material cost and product selling price that exactly covers his operating costs.
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