Archive for July 8th, 2008
Auto makers resist steel firms’ surcharges
In an effort to curb the relentless rise in steel prices and bolster their own frail finances, some auto makers are beginning to push back on price increases, saying they won’t pay surcharges on agreed-upon supply contracts.
The resistance is one of the first strong signals to steelmakers that their hardest-hit customers have reached a tipping [...]
Posted: July 8th, 2008 under Manufacturing News, Steel News, steel strip.
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