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Warner Norcross + Judd LLP is a corporate law firm with over 230 attorneys serving clients in nine offices throughout Michigan. Among the largest law firms in Michigan, Warner works in virtually all areas of business law.

Michigan Law Firm - Warner Norcross + Judd LLP

Per a recent article in the <em>Wall Street Journa</em>l, the benchmark price for iron ore hit a nine-month high of $62.60 per metric ton on March 7 (up 20 percent that day!) and is up almost 60 percent since January 12.Other industrial metals, such as copper, are also up from multiyear lows, for instance, Zinc is up 13 percent and tin has risen 19 percent. Oil is on the upswing as well. Why? One suspicion is that China may be positioning itself for another stimulus package focusing on massive infrastructure improvements which, of course, will require a huge amount of steel.  

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So this begs the question: what do your contracts specify regarding raw material prices? Are you indexed? Are you protected both up-stream and down-stream from these pricing fluctuations or are you about to become “stuck in the middle” so artistically sung by the appropriately named band, Stealers Wheel. Click on the following YouTube link to listen to Stealers Wheel while you reflect on your current situation. Then contact the automotive contracting lawyers at Warner if you need help.

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Thomas J. “Tom” Manganello

Will raw material prices finally rebound?  And, if so, are you “Stuck in the Middle”?

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Will raw material prices finally rebound? And, if so, are you “Stuck in the Middle”?

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