31
Jan
15:32
German carmakers help suppliers trapped in cost squeeze
Some German carmakers have started offering their suppliers interim financing to make it easier for them to purchase materials and secure the continuation of deliveries.
The offer comes in reply to calls from the German sheet metal forming (IBU) and solid forming (IMU) industry associations, as well as from the screw-makers association (DSV). For months, they have complained about their lack of liquidity as a consequence of increased steel prices and energy costs,…
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Anonymous
Very good overview of the weekly steel market.
Anonymous