Recently, the Wall Street Journal published an article entitled "Steel Prices Shine, Lifting U.S. Makers." In it, the author notes that an increase in sales of automobiles and equipment for the oil and gas industry have contributed to a 25% increase in steel prices in the last two months alone. Regarding the U.S. auto industry, "shipments of steel, and strip [and] coiled plate steel [which are] used to make cars," rose nearly 12% in the first three quarters of 2011. Additionally, the Journal notes that over the past two years, U.S automakers have increased production by nearly 30%.
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