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Prices Rising: Steel, Copper, Plastics

February 3, 2011

WSJ Marketplace Headline today: Steel Price Rises Pressure Supply Chain, is no surprise. I have tracked rising prices for weeks, now material costs are affecting U.S.manufacturers like Caterpillar and Whirlpool.

Steelmakers have increased prices six times, for a total increase of 20% to 30%, since November on basic flat-rolled steel, used in everything from cars to toasters, to offset higher input costs of raw materials, such as iron ore and coal. Higher costs for steel, which are expected to continue well into this year, are hitting bottom lines of companies and prompting additional price increases.

Related WSJ article: Rising Costs Squeeze Appliance Makers.

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