Steel Products Prices North America
January 15, 2021
CRU: Is Substitution a Threat to Aluminum (or Steel)?
Written by Greg Wittbecker
By Greg Wittbecker, Advisor, CRU Analysis
Whenever prices for key commodities such as aluminum, steel, wood or rubber start to really rise, there is a natural tendency for Procurement Officers to say, “let’s look at alternatives.” That’s their job, and if they weren’t looking at options to compensate for cost increases, they would be fired. However, we are living in different times and those old tapes (what’s a tape?) just don’t resonate like they used to!
