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What is the state of steel and rubber prices?

Posted by Don Ake on Jul 28, 2021 1:03:21 PM

Don Ake discusses two commodities whose prices have been affected by congested shipping traffic.

This Q&A response from Don Ake came from our July CV Update webinar. View the video and the key takeaways below.

 
Key Takeaways:
  • Steel has risen beyond expectations and it is uncertain if it has peaked or when prices will fall.
  • Rubber has peaked at a high level but has not yet started to fall.
  • These and other high-priced commodities all contribute to the high cost of commercial vehicle manufacturing.

 

Tags: trucking, commercial vehicle, outlook, steel, rubber

 

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