stil2low
Well-Known Member
- First Name
- Craig
- Joined
- Oct 18, 2018
- Threads
- 1
- Messages
- 1,866
- Reaction score
- 10,852
- Location
- Ontario Canada
- Vehicle(s)
- 2015 Jeep jk
Thatās like comparing apples to orangesWhen world oil prices increase, we pay more at the gas pump. When world oil prices decrease, we pay less at the gas pump.
Do you expect the cost of Jeeps to decrease when world steel prices decrease?
I am expecting the yearly price increases to continue until some real competition enters the market.
Steel does fluctuate up and down but unlike oil, manufacturers donāt adjust their costs when our prices drop since they now will get a bigger profit margin.
Oil also stops drilling when prices drop, in an intergraded steel mill we can scale back production but we cannot simply turn off our blast furnace and cokeovens so we have to suck up the loss when steel drops below 450 a coil (currently at 1360)
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