North American auto assemblies also impacted by cyber breach

North American auto assemblies ticked down by nearly 6% in June after reaching a nine-month high in May, according to LMC Automotive data. Assemblies were also down 1.4% year on year (y/y).

While the boost in supply over the past year has continued to push the market forward and create a more balanced state, the cyber breach at CDK Global – a widely used dealer management system – heavily impacted the automotive industry.

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.