It’s no joke, but bundles surge may leave some laughing
May 01, 2008 | 11:33 AM
|
It's no joke, but bundles surge may leave some laughing
While we like to think that much of the news reported in AMM makes readers sit up and take notice, only occasionally does a news story send shockwaves through the industry.
Such was the case April 1, when bundles from four Chrysler and one Mitsubishi Motors North America stamping plants sold for a record $555 a long ton, a stunning $155 increase compared with the previous sale a month earlier.
We've become used to major increases in commodity prices in recent years. Still, a sudden 38.8-percent surge in the price of a key steelmaking raw material like factory bundles is breathtaking. It's only a year ago, after all, since the price of flat-rolled steel itself was under $555 a ton, which shows just how much and how quickly things can change.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here