Archive for June 2nd, 2008
Surging steel prices shock auto industry
Sharp increases in steel prices — up as much as $500 per vehicle since January — have left automakers and suppliers reeling. Tensions are rising as steel makers tear up contracts and demand immediate price increases. Steel and automotive executives say that ArcelorMittal — the world’s largest steel maker — and other steel mills notified [...]
Posted: June 2nd, 2008 under Manufacturing News, Steel Comment, Steel Prices, steel strip.
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Coping with Steel Surcharges
At a time when buyers responsible for the purchasing of steel are facing a difficult and uncertain time, they need all the advice that they can get. Past experience is of little use in these unprecedented times.
We came across this article at Supply Excellence, with some good advice.
Even if they use a euphemism like “market [...]
Posted: June 2nd, 2008 under Steel Comment, Steel Prices.
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