While the public frets over the escalating price of gasoline at the fuel pump, auto makers worry about the spiraling cost of steel. Consumers should be equally concerned. That’s because rising steel prices ultimately may result in higher car prices. Analysts say there is not enough margin in the automotive supply base to absorb the already 80% increase in spot steel prices from 2004, and more price hikes are expected this year due to still-rising worldwide demand. While quantifying ...
Premium Content (PAID Subscription Required)
"Costly Steel Means Costly Cars" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.