auto industry

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Price war in the electric vehicle sector hurts Chinese steelmakers

Competition among automakers puts pressure on raw material suppliers

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EU car production to decline by 2.6% y/y in 2025 – EUROFER

Low consumer confidence, US tariffs and instability hamper the sector's recovery

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Nissan to close seven plants and cut 20 thousand jobs

The Japanese manufacturer has presented a restructuring plan

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Donald Trump eased some tariffs for the auto sector

The step is aimed at reducing the overall level of duties, which is formed due to their layering

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US tariffs and EU environmental standards pose risks for the automotive industry – Stellantis

The Chairman of the Board of Directors of the company called the current conditions for the sector «extreme»

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Stellantis sends two plants in Mexico and Canada to idle due to tariffs

The Company is assessing the medium- and long-term impact of the duties and the options available

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Trump announces 25% tariffs on car imports to the US

The tariffs are to enter into force on April 3

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Clean Industry Agreement: a diagnosis without a quick fix

The main criticism of the Clean Industrial Deal is the lack of specifics

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Thyssenkrupp to cut 1.8 thousand jobs in the automotive division

The company's measures are aimed at reducing costs by more than €150 million

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Toyota to reduce steel prices for spare parts producers

The reduction will be approximately $101/t

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Nissan plans to increase the use of green steel in Japan by 5 times

Company expands cooperation with low-carbon steel producers to reduce CO2

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EU car production to grow by 2.1% y/y in 2025 – EUROFER

The automotive industry will recover slowly due to economic uncertainty and problems with electric vehicles

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