28
Jul
17:20
Component shortage to hamper automotive production growth: ING
Global automotive production could rebound 7-9% on-year in 2021 but will be hampered by supply chain frictions, mainly the lack of semiconductors for OEMs, ING Bank says in a note sent to Kallanish.
The global semiconductor shortage has even affected next year’s production already, with 5 million vehicles estimated not produced in 2021 and 3m units in 2022, the bank says citing the Center for Automotive Research. The battle for chips will continue between th…
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Anonymous
Very good overview of the weekly steel market.
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