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US steel exposure to automotive: friend or foe?

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Report summary

In the United States the automotive industry is a major consumer of steel. We estimate that 25 30% or 25 30Mt of steel is used in this sector annually. Almost half of this is linked to the passenger vehicle market which includes cars wagons pick up trucks and SUVs. The automotive sector is important not only because of its size but also because it has been the only sector that to date has returned to and exceeded pre crisis consumption volumes...

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    US steel exposure to automotive: friend or foe?

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Tables and charts

This report includes 8 images and tables including:

Images

  • The current vehicle fleet is in a need of an update
  • US steel exposure to automotive: friend or foe?: Image 4
  • AK Steel has the largest exposure to the automotive sector
  • Large steelmakers dominate the automotive market
  • AK Steel's realised prices have been supported by automotive…
  • …but the impact on profitability is not immediately evident
  • HDG price premium compared to CR coil

Tables

  • Examples of producer and dealer incentives

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