FRANKFURT, Aug 29 (Reuters) - General Motors Corp expects the prices it will pay for steel when it negotiates new contracts to reflect declines this year on the spot steel market, a newspaper quoted its purchasing head as saying. Asked by the Automotive News industry paper whether he thought contract steel prices would fall in line with spot prices, Bo Andersson said: "Yes. Or I will see a very sharp increase on purchases from minimills." In the interview conducted last month and printed ...
Premium Content (PAID Subscription Required)
"GM targets savings on steel contracts - paper" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.