Recently, the frequent rise in domestic steel prices has caused concern in some industries and enterprises. The impact on vehicle prices and tire prices is particularly serious. The rise in steel prices may cause the price of heavy vehicles and hubs to rise. In automobile manufacturing, the amount of steel used for bicycles for bicycles is about 0.8-1 tons, which accounts for 70% of the cost of raw materials; the amount of steel used for medium-duty trucks is about 3.6 tons, which is obviously affected by steel prices; and heavy-duty commercial vehicles will be affected by steel prices. Bigger.
Steel is used as a raw material for the manufacture of automobiles. Its rise is bound to have a certain impact on vehicle prices. However, according to representatives of Yutong Bus, “The rise in steel prices will certainly have an impact on costs and will relatively erode profit margins, but the company will work out its own efforts to absorb cost pressures and temporarily do not plan to adjust vehicle prices.â€
The joint effect of the increase in steel prices has also led to the shortage of resources for steel mills. It is understood that Baosteel has already retired 100,000 tons of automobile orders because of insufficient hot metal.
In addition, according to Li Chunbo, an analyst in the auto industry of CITIC Securities, the determination of power is the influencing factor. The impact of steel price increases on the auto industry has a certain lag time. However, the impact of heavy trucks and other large commercial vehicles will have a shorter lag time. â€
At the same time, the important raw material for the hub is steel, and the price increase of steel will certainly have a certain impact on the wheel industry.
According to insiders, if steel prices continue to rise, auto companies may offset cost pressures by reducing profit sharing and increasing prices. At present, the rise in steel prices has caused some companies to worry, but relatively speaking, the impact on companies is greater than the impact on the market itself, in 2009 the Chinese auto market will continue to maintain rapid growth, and is expected to hit a new high, while steel prices on the car The impact of price is limited. No company dares to buck the price. It can only control its own cost and internal digestion.
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