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10 Jul
17:11

Eurofer improves EU automotive growth forecast for 2017-2018

Eurofer has revised up its EU automotive production growth rate estimates for 2017 and 2018, after first-quarter production exceeded expectations, Kallanish learns from the European steel association's latest forecast. However, output and demand growth is expected to decelerate going forward. EU automotive output, including parts and components, rose 6.5% on-year in Q1 as production in Italy, Spain, Sweden and Poland grew "... rather vigo…
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