15
Apr
15:13
Automotive demand to recover strongly in 2021: worldsteel
The automotive sector saw the most profound demand decline among steel-using sectors in 2020, with a nosedive in the second quarter. However, it is expected to recover strongly in 2021, worldsteel says in its April short-range outlook (SRO).
“The recovery will be driven by pent-up demand, increased use of personal transportation due to safety concerns, and increased household cash savings,” worldsteel says. “The recovery is expected to be partic…
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Anonymous
Very good overview of the weekly steel market.
Anonymous