10 AUGUST 2011alu
Automotive raw-material prices up 10-20% for auto makers, survey says
Edited by : AL CIRCLE
1 min read
The cost of automotive raw materials such as steel, resins, rubber, copper and aluminum are rising, typically 10 to 20 percent from a year ago.
Steel, aluminum and copper prices also rose significantly, but many suppliers say auto makers are indexing those materials. Not so with rubber and plastics. With indexing, auto makers pay suppliers more for parts if raw materials raise suppliers’ production costs. Auto makers pay less if the price of raw materials drops.
Steel, aluminum and copper prices also rose significantly, but many suppliers say auto makers are indexing those materials. Not so with rubber and plastics. With indexing, auto makers pay suppliers more for parts if raw materials raise suppliers’ production costs. Auto makers pay less if the price of raw materials drops.
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