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Re: Scrap prices
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Posted by Thomas on March 05, 2004 at 11:16:32 from (80.168.172.75):
In Reply to: Scrap prices posted by rustyfarmall on March 05, 2004 at 04:41:28:
If the price of steel doubles the price of a new machine doesn't double. The raw material cost is very low compared to the 'value added' cost of making whatever. Market pressures are unlikely to enable any manufacturer to increase their costs. I can't see how we can avoid a huge recession in Europe and the US when all the big OEM's are demanding big cost reductions year on year. That's negative inflation isn't it? Because of this all the lower tier suppliers are having to move their manufacturing operations to the Far East because they can't meet their price requirements any other way. As an engineer in the UK I find this very frightening as at the moment it's just the manufacturing operations but these people aren't stupid. How long before they gain the knowledge to design and market the goods themselves? We'll all be out of work selling insurance - Oh no those jobs are all going to India now. We'll all be seeking Asylum in China? Lawyers and Accountants - the lowest forms of life putting us all out of work.
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