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    May 6, 2021

    Premium: North American Auto Assemblies Gain Ground in March

    Written by David Schollaert

    Steel Market Update is pleased to share this exerpt from one of our Premium articles with Executive members. For information on the benefits of upgrading to a Premium-level membership, email Paige@SteelMarketUpdate.com.

    Auto assemblies in North America gained ground in March for the first time since October, according to LMC Automotive (LMCA). North American production rose to 1.217 million units in March, up from 1.092 million in February, but production continues to suffer from the ongoing shortage of semiconductor chips. North American production was up 20.1% in March compared to year-ago levels when the pandemic was beginning to slow the economy. The annual production rate in March was 14.6 million units, up from 13.1 million units the month prior. 

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

    Read more from David Schollaert

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