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 ...
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