Steel Markets
August 18, 2022
North American Auto Assemblies Shank in July
Written by David Schollaert
North American auto assemblies declined by 17.3% in July after expanding repeatedly in the prior two months. Though the market remains supply constrained due to ongoing parts and supply shortages, production in July was largely impacted by scheduled downtime for summer breaks and model-year changeovers. July’s results were ahead of the same year-ago period.
Disruptions across the North American automotive market have been extensive over the past two years. Driven by a global semiconductor crisis, automakers have dealt with production halts, delays, and inventory shortages.
