PARIS – Rising steel prices ultimately will result in higher car prices in France and throughout Europe, say analysts at Euler Hermes, a French company that insures receipts. There is not enough margin in the industry to absorb the already existing 80% increase in spot steel prices from 2004, and more price hikes are expected this year due to still rising worldwide demand. The pressure is greatest on Tier 2 suppliers, which traditionally buy steel on short-term contracts or even at the ...
Premium Content (PAID Subscription Required)
"Rising Steel Costs Seen Forcing Car Price Hikes in Europe" 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!
Current subscribers, please login or CLICK for support information.