European steelmakers gearing up for tough 2006 auto contract talks

Nov 02, 2005 | 09:04 AM | Bianca Markram

Annual contract negotiations between European steelmakers and automakers will start in mid-November, with producers expecting tough talks for 2006 contracts.

Multiyear contracts up for renewal early next year will be renegotiated to reflect higher raw material prices, and most producers and automakers are expecting sharp increases. However, annual contract renewals paint a different picture.....

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