U.S. Automakers Navigate Rising Metal Costs and Supply Woes

By Metal Miner The Automotive MMI (Monthly Metals Index) moved sideways, dropping a slight 2.3%. This comes as the US automotive market, manufacturers in particular, are facing a one-two punch of rising costs and potential shortages in their metal supply chains. A big reason for this is steep tariffs on steel, aluminum and other inputs, which are driving up raw material costs. How Are Tariffs Driving Up Costs for the US Automotive Market The US government has expanded its metal tariff (initially 25%) to a hefty 50% on a broad range of imports,…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com