Only a few years ago, the steel industry was plagued by overcapacity and it was a buyer’s market. Now the tables have turned, and soaring steel prices have become the bane of many U.S. industries, none more than automotive. Rising steel prices usually are cited as one of the main reasons behind the recent spate of supplier bankruptcies. Unfortunately, little relief is in sight. Wim van Acker, managing partner at Roland Berger Strategy Consultants-North America, predicts historically ...
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