Steel Markets
January 22, 2017
Auto Sales Plateauing is Not a Bad Thing for Steel Industry
Written by Sandy Williams
The Associated Steel Distributors regional meeting in Detroit on January 19 very appropriately focused on the automotive industry. The meeting was held during the last weekend of the North American International Auto Show in Detroit where a vast array of technological innovation was showcased through virtual reality, simulators and presentation of current models and concept vehicles.
Bernard Swiecki, senior automotive analyst at the Center for Automotive Research (CAR) gave an enlightening presentation during the Thursday ASD meeting regarding where the automotive industry is and where it is headed. And, of course, as one of the largest consumers of steel, where the industry goes will also affect the steel industry.
