Will The Steel Price Slide Help Drive The Auto Industry Forward? ...Middle East

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Will The Steel Price Slide Help Drive The Auto Industry Forward?
source : OILPRICE ( Middle East ) () 26
Via Metal Miner Compared to other metal industries, components of the automotive industry still remain somewhat strong, despite the Automotive MMI (Monthly Metal Index’s) sideways movement over the past seven months. Pent-up consumer demand still runs strong in the industry. However, it still continues to battle high interest rates and falling steel prices due to slumping demand. There could potentially be a swing to the upside in the long-term should the Fed begin lowering interest rates. However, most experts don’t anticipate that…

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