The recent raw material price volatility has hit manufacturing companies hard.Prices of metals,wood products,paper,packaging,and fuel-just to name a few commodity-based raw materials-have all increased markedly in the last 18 months.The price of flat rolled and galvanized steel more than doubled,imported coke is up 110%,iron ore freight is up 105%,scrap 47%,and ore 28%.And,with oil rising to more than us50/barrel in November,the prices of most petroleum derivative products have spiked in the last 12 months.
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