USA: Hurricane floods may drive steel prices up
Hurricane Katrina has already brought higher gasoline prices in its aftermath, but the auto industry could be squeezed further as steel prices rise. The price of steel for auto manufacturing and industrial equipment could rise by as much as 20 percent as flooding in New Orleans has limited the supply of raw materials such as liquid hydrogen and scrap, the Wall Street Journal reported on Wednesday.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable