High Steel Prices Have Manufacturers Scrounging for Supplies

high steel prices have manufacturers scrounging for supplies

Sumary of High Steel Prices Have Manufacturers Scrounging for Supplies:

  • Rapidly increasing metal costs are pushing manufacturers to take what steel they can get and hire more people to seek out available supplies, company executives said.
  • The rising costs are flowing through to some producers of consumer goods: Campbell Soup Co. is paying more to get the cans it fills with tomato soup;
  • and Steelcase Inc. is paying more to make metal desks and filing cabinets.

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