AUTO Fuel costs are weighing on mills’ minds

Jun 26, 2007 | 05:34 AM |

Producers of flat-rolled steel expect 2007 to be a decent year in terms of supply to the automotive market, but many are wary of lightweight substitutes and the impact they could have on steel sales.

"We think '07 will be an OK year for steel sales to automotive," Michael Wagner, chief commercial officer of SeverCorr LLC, Columbus, Miss., said. "We're looking at vehicle builds in the range of 15 million to 16 million. Automotive definitely has slowed a little, but at that rate the market would be OK."....

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