U.S. AUTOMAKERS IN A STEEL CRUNCH, AT RISK OF SHUT DOWN

Highlights

• Reportedly automotive producers and other steel-intensive producers in the United States are currently facing a supply shortage which is likely to force shutdown

• According to the market analysts, this is the lowest months on hand reading for carbon inventories since March 2004 which indicates real demand recovery and re-stocking at the end-user levels

• Along with steel shortage, anot....