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Exploding metal prices hit manufacturers

Published Tuesday, April 15, 2008

No matter how cost-efficiently a manufacturer is run, the price of commodities such as steel, iron and aluminum is one factor that it cannot control. Recent increases in the cost of metals have left industry suppliers with no choice but to run on smaller profit margins or to increase prices. “I’ve been at Marmon for 39 years, and running it for 27, and I’ve never seen anything like the last 6 months,” Kelly Dier, president of Marmon Highway Technologies (MHT), told FleetOwner. “I think it’s a combination of global demand and a certain degree of ...

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