INDUSTRY RISK CLASSIFICATION IN THE COMPETITIVE RESILIENCE MANAGEMENT SYSTEM OF METALLURGICAL COMPANIES

Abstract

The article examines the classification of industry-specific risks of metallurgical companies in relation to the management of their competitive resilience. In metallurgy, risk rarely manifests itself within a single functional area: changes in raw material supply may affect production costs and output, logistical constraints may influence export deliveries and working capital, while stricter environmental requirements may affect investment plans and technological modernization. Therefore, universal classifications of corporate risks require industry-specific clarification. The purpose of the study is to develop a classification of industry risks of metallurgical companies suitable for use in a risk management system. The study applies systems, process, and contingency approaches, as well as methods of comparative analysis, systematization, classification, and identification of cause-and-effect relationships. The classification includes seven groups of risks: raw material, financial, logistics, institutional, environmental, technological, and energy risks. For each group, the sources of occurrence, forms of manifestation, and consequences for the elements of competitive resilience are identified. The proposed approach makes it possible to distinguish more accurately between the primary source of risk and its subsequent economic outcomes, which is important for developing a corporate risk register, allocating responsibility among functional divisions, selecting monitoring indicators, and preparing managerial response measures.