31
Oct
14:24
Eurofer revises down EU automotive outlook
European steelmakers association Eurofer has revised down its outlook for EU automotive production, saying it will contract -3.8% on-year in 2019 compared to the -1.4% forecasted in August. It is also seen rising only 0.9% in 2020 versus the previous projection of 2.2% growth.
EU automotive production fell -7.2% on-year in the second quarter. Falling demand for new passenger cars in Europe and in key export markets combined with the final reverberations of WLTP …
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Anonymous
Very good overview of the weekly steel market.
Anonymous