Auto industry rebound might be years in the making
Dec 01, 2010 | 04:18 AM
| Corinna Petry
North America's scrap metal producers and processors might feel buoyed by automotive production in 2010 compared with the previous year, but the unvarnished opinion from one auto industry consultant is they should be lowering their forecasts for automotive metal needs for the next decade.
"Demand factors are going to remain negative for some time," Dennis DesRosiers, president of DesRosiers Automotive Consultants Inc., Richmond Hill, Ontario, said at the Metals Service Center Institute's Economic Forecast Summit in Chicago. He listed a host of reasons for his analysis. ....
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