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How will a lull in auto production affect steel supply and pricing?

Posted by The FTR Experts on Jul 21, 2021 12:32:43 PM

Eric Starks and Todd Tranausky discuss auto production and what a shutdown will mean for steel.

This Q&A response from the FTR Experts came from our May webinar "North America's Recovery Runs Through Rail." View the video and the key takeaways below. 

 
Key Takeaways:
  • High prices cure high prices, they and everything else will return to a stable place once automotive production ramps up.
  • With limited steel supply, car types such as box cars that use a lot of steel are going to face challenges in their production and will call for creativity when presenting quotes for pricing.

 

Tags: Economy, Rail, recovery, outlook, rail equipment, box cars, steel, auto production

 

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