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)
"Printer-friendly" 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:
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.