Peugeot mulls shift to shorter-term steel buying

Newswire

By Silvia Antonioli AMSTERDAM, June 27 (Reuters) - France's PSA Peugeot Citroen , seeing a steady slide in steel prices so far this year, said it was considering moving from long-term contracts to a spot market-linked pricing formula to buy steel, which it could supplement with hedges in the derivatives market. Peugeot Citroen has bought steel mainly on six-month and 12-month contracts at fixed prices this year. If the downward trend in steel prices continues to the end of this year when ...

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