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Kallanish Kallanish

Knowledge matters Knowledge matters

June, 26th 2019

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JAN 14
11:28

Further automotive production slump concerns Italian steel suppliers

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Passenger car production in Italy dipped for the fifth consecutive month in November, Kallanish learns from local carmakers' association Associazione Nazionale Filiera Industria Automobilistica (Anfia).

Domestic passenger car production registered a heavy year-on-year fall of -27% to 47,000 units in November. In October production also heavily contracted, by -18% y-o-y, as reported.

Over January-November output in the passenger car sector also fell, by -9% y-o-y to 631,000 units, the association says.

Italian passenger vehicle production in 2017 reached 1.14 million units, up by 3.5% compared to 2016, Kallanish notes.

“The current automotive production fall is directly impacting our entire value chain,” an Italian service centre comments. In line with the substantial automotive production slump, “…demand for coils and especially hot-dipped galvanized suffered a great deal over Q4 2018 and domestic prices have weakened significantly,” the source says.

Article comments

Michael Jordan
25 Apr 2019 15:07

In the situation, as a steel supplier: www.steelaisi.com Just keep going.