European carmakers says steel supplies not at risk


By Michael Shields, European Auto Correspondent FRANKFURT, Nov 25 (Reuters) - European carmakers' steel supplies are secure, manufacturers said on Thursday, playing down prospects that shortages could hit output as they have at Japan's Nissan Motor Co Ltd . But even if enough steel is on hand, rising prices for steel still pose a danger for carmakers who are hardly placed to pass on higher costs to choosy customers in a sluggish market kept under pressure by excess capacity, analysts ...

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