ThyssenKrupp’s auto orders ascend, steel in short supply

Cons. Discr. - Autos 983 Industrials - Capital Goods 488 Materials - Metals/Mining 652 Metals - Aluminum 201 Metals - Steel 447 Quote Watch 284 Tariffs 1680 U.S. 4753

ThyssenKrupp has noted a marked recovery in imports for its fabricated steel and aluminum products from the automotive industry during Q2. A recovery in North American demand is expected to continue in 2021 though volumes will still be below “pre-pandemic levels and with still high uncertainty”. U.S. seaborne imports linked to ThyssenKrupp fell by 16.5% in October, led by a slide in elevator and basic metals, though shipments of automotive components increased by 6.3%. There’s an emerging shortage of flat-rolled steel for the automotive industry according to S&P Global Platts. U.S. seabo...

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