Iron ore pricing for China is now going to be adjusted every quarter, and has gone up 80-100%.
Oil is up past 80 bucks a barrel, and the summer is approaching.
I am having a bad, bad feeling that we are about to repeat the infamous summer of 2008 where instead of creating new products, every effort was made simply to re-quote old items at new, higher prices, and to tear cost out of every product.
Oh, and we have major currency instability world-wide.
UPDATE: Paper also has gone up the last few months - just had to increase a price for an item primarily due to packaging cost! Up 36%. Amazing.
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