Archive for May 23rd, 2008
Steel costs add to auto industry’s woes
Yet another challenge has emerged for the automotive industry: rapidly rising steel prices.
The price of hot rolled steel has increased from just over $500 a ton in November to $1,080 per ton Thursday.
Prices are soaring because of increasing global demand despite a level supply of raw materials used to make the metal, as well as [...]
Posted: May 23rd, 2008 under Manufacturing News, Steel, Steel International, Steel Prices.
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