The steel industry is one of the reasons why carmakers may be forced to increase the price of their vehicles for the first time in years. Much of the cause for this hiatus in the price of steel and energy has been the demand from China although this could be in the process of changing. At the end of 2004 a modest fall in price could be seen following fears that lower consumption and increased production of steel in China could lead to global oversupply. From being a major importer of steel it has emerged in recent months that the country has become an exporter owing to a slowdown in its domestic market. A steel price fall by as much as 200 dollars a tonne in 2006 is possible, but until that time, most of the European carmakers will have to live with the prices they agreed with the steel companies last year when there looked as if there could be significant shortfalls. The steel sector is nowhere as consolidated as the automotive sector. The steel industry is likely to undergo some changes. Consolidation will probably be a feature that will likely lead to a more relational industry. The number of competitors in the tell industry is illogical when looking at the way other industries such as the way the automotive sector has developed. Steel industries is still fairly fragmented. There are plenty of reasons to believe that consolidation will be part of this act of globalising.
Meeting the challenge
Entwicklung der Stahlindustrie und der Einfluss auf die Automobilindustrie
Automotive Engineer ; 30 , 1 ; 32-33
2005
2 Seiten, 2 Bilder
Aufsatz (Zeitschrift)
Englisch
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