Automotive materials were a controversial topic in 2005, as prices soared in almost every sector of the industry compared with 2004. Several major component suppliers, including Collins & Aikman Corp., Tower Automotive Inc. and Delphi Corp., filed for bankruptcy in 2005 citing raw material price increases as major contributing factors for their financial woes. At the end of 2005, little relief was in sight. Since 2003, steel prices have climbed more than 150%. Hot-rolled coil ...
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