24
Sep
13:16
EU carmakers request substantially lower steel volumes
Automotive steel customers on annual contracts are for the time being reducing volumes procured, to an extent that could affect the operation of mills and influence the market.
Mostly because of the shortage of semiconductors, carmakers are throttling their production, confining themselves to the most profitable models. According to an automotive industry insuder, one carmaker in September requested 30% less steel than in a typical month. And he believes this tren…
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Anonymous
Very good overview of the weekly steel market.
Anonymous