09
Nov
13:35
Eurofer improves EU automotive forecast, foresees delayed recovery
European steelmakers’ association Eurofer has revised up its EU automotive sector output forecast for 2020 to a -20.6% on-year decline, compared to -26% in the previous forecast. This, however, remains the most severe drop on record. Output should rebound 18.1% in 2021.
EU automotive output fell on-year for the seventh consecutive quarter in Q2, by -44%, after falling -14.5% in Q1. It was hit by a combination of already weakening demand for new passenger car…
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Anonymous
Very good overview of the weekly steel market.
Anonymous