0
0
« 4×4 Datsun Roadster! CarDomain Blog Home Basketcase Rescue: Chrysler Cordoba Racecar! »
June 2, 2008
Price of Steel Has Almost Doubled in Five Months
By Rob Einaudi
Editor-in-Chief
Automotive News is reporting that the price of steel has almost doubled in five months, which is costing the OEMs approximately $500 more per vehicle. Yikes. That’s not just bad for new car buyers. I assume this means they will be crushing even more old beaters. Quick, everyone go out and save an old car from the crusher! Now! Source: Autoblog.
Comments
Post a comment
Please login to CarDomain to post a comment.
Exlrep2002
Jun 3, 2008 at 3:22 am
Back in November I paid $550.00 for 96 feet of 3″ x 3″ x 1/4″ structural tubeing for my truck. Just last week the same amount set me back $1200.00. Things look like they are going to get alot worse before they get any better.
GTwildfire
Jun 3, 2008 at 2:33 am
the cars that have true worth as junkers aren’t chewed usually. Generally it’s the cars that are worth more as molten steel that are recycled.
Eric
Jun 2, 2008 at 8:55 pm
Well economically speaking i wish they would crush and recycle more cars, even newer ones! It makes no sense to run out and save a K car, Im sorry but not all our country feels the same as some folks do here. Our country is hurting and its a good idea to recycle what we can right now, Im not an energy freak but there are some changes we should be doing in order to make our country a little more stable. Of course there are old cars that should be saved, but those are gonna be more desirable ones! some people need to pay cheaper prices for a new car so they can get to work everyday in something reliable, not 500.00 more, plus gas it makes us unstable at this point!