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[Ferro-Alloys.com] Covid-19-related shutdowns of automotive plants across North America could cost US automakers at least 900,000 vehicle sales this year, reducing steel demand, according to industry estimates.
A six-week shutdown of US automakers, many of which have been offline since mid-March, would reduce the estimate for 2020 US auto sales to 15.6mn, down from 16.5mn prior to the coronavirus pandemic, said Bernard Swiecki, a senior automotive analyst at the Center for Automotive Research (CAR), on a conference call today hosted by Steel Market Update.
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