More bad news on steel consumption. This is very significant news and will affect BHP, RIO, Fortescue, and Vale.
........................................................
New car sales in Europe slumped 14.5 per cent in October as the global financial crisis plunged the eurozone into recession.
The figures marked the sixth consecutive monthly fall in new car registrations.
In response to waning sales, French car maker PSA Peugeot-Citroen has ordered a 30 per cent production cut while Renault is to temporarily shut down several factories in France and Europe as the crisis undercuts the economy.
The bad news on car sales has had ramifications beyond the auto industry.
Last month, steel giant ArcelorMittal announced it was shutting down furnaces at a dozen sites across Europe for at least six months in response to a sharp fall in demand from crisis-hit car makers.
bhp is no longer worth 28 dollars , page-40
-
- There are more pages in this discussion • 44 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add BHP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$39.60 |
Change
0.790(2.04%) |
Mkt cap ! $200.9B | |||
| Open | High | Low | Value | Volume |
| $39.19 | $39.87 | $39.10 | $371.9M | 9.393M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 10101 | $39.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $39.60 | 18075 | 2 |
View Market Depth
| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |