• Industry: Industrial Manufacturing
  • Type: Business and industry issue
  • Date: 12/10/2008

The Industrial Perspective

The Industrial Perspective
Developments and trends affecting the business operations of diversified industrial companies.

The Industrial Perspective: Cause and effect of high steel prices 

Global demand for steel, combined with industry consolidation, has led to steel prices rising over 400 percent in the past six and half years.
Steel companies have passed rising raw material and shipping costs on to buyers – leading to record profit margins.

Meanwhile, buyers are coping with and looking to mitigate the impact of these increases.

However, the industry remains cyclical, and recent global economic events may lead to a moderating of price increases.

Industrial Manufacturing

KPMG can help manufacturing enterprises respond to key issues such as innovation, lean manufacturing, time to market, quality and climate change.