Steel Markets
April US Auto Sales Highest Since 2006
Written by Sandy Williams
May 4, 2015
US automotive sales finished April at a seasonally adjusted annual rate of 16.4 million. Sales were slightly below expectations but still the highest April sales level since 2006.
Sales volume for the month was at 1.448 million units, according to WardsAuto, a gain of 4.9 percent y/y. Light trucks and CUVs continued to lead sales as consumers enjoy low fuel prices and a favorable credit terms.
Sales of the new Ford F-150 were up 8 percent with plant change over and ramp up continuing.
General Motors announced it will invest $5.4 billion in plant improvements during the next three years. GM says the “investment translates to GM investing in U.S. operations about $5 million a day or $150 million every month for the next three year.”
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Markets
AISI: Raw steel production inches higher
Raw steel output by US mills ticked up slightly last week, according to the latest data from the American Iron and Steel Institute (AISI).
US steel imports slipped in August after rising in July
July represents the second-lowest monthly rate for steel imports so far this year.
CRU Insight: Decarbonization will reshape global steel trade flow
This CRU Insight explores how decarbonization will play a significant role in redefining steel trade patterns by shifting regional competitiveness and increasing steel demand needs.
Steel Summit 2024: Leading analysts forecast coming year for steel
Leading industry analysts on Monday discussed steel prices and how they will be impacted by trade policy, consolidation, mill discipline, November’s elections, and more.
AISI: Raw steel output jumps, capability surpasses 80%
Having risen for three weeks in a row, weekly production is now at the highest rate seen since February 2023.