Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 34 n° 19

Automotive industry

Posted by fidest press agency su martedì, 27 aprile 2010

London. While ferrous commodities are subject to relatively sharp fluctuations in price, and despite increasing usage of light materials such as aluminum, HSS and UHSS (High and Ultra High Strength Steel), demand for steel from the automotive industry remains directly proportional to car production levels. Steel remains a key raw material in car manufacturing, accounting for approximately 55 per cent of the weight of an average C-class passenger car and about 5 per cent of its production cost. Unfortunately, given existing production cycles, there is little alternative to cost-effective production for all major OEMs. “Therefore, combining financial instruments like futures contracts on steel and relying on long-term agreements with steel suppliers might be one of the most suitable solutions,” advises Belskiy.   Strong support from the ACEA, which encourages EU and member states to develop a raw material strategy that facilitates access to raw materials on competitive basis, would also be helpful.  However, steelmakers will not be prone to signing long-term contracts if raw material prices, usually stable for at least a year, henceforth change on quarterly basis. Instead, they will likely transfer that risk to automakers. Electric Vehicles Unplugged 2010: taking place at the House of Lords and at the Society of Motor Manufacturers & Traders in London on June 22 – 23, will bring together key decision makers including Government, OEMs, Supplier Infrastructure companies and Major Fleet Managers, to provide insights into the structure of new business models and their implications for industry stakeholders. This unique workshop will also allow attendees to understand the position that key industry players are taking towards infrastructure and to debate the pros and cons of different solutions in development across
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