Posted on 29 Mar 2022
Automakers in North America could produce nearly 300,000 fewer vehicles than expected in 2022 because of ongoing semiconductor shortages, according to AutoForecast Solutions.
At least 16,000 vehicles are expected to be lost, and the production of about 300,000 vehicles is listed as at risk or potentially impacted based on an original annual production estimate of 15.3mn vehicles, the research firm said.
The average North American vehicle consumes 1,980lbs of steel, of which approximately 1,480lbs are flat-rolled products, and 486lbs of aluminum, according to data from the American Iron and Steel Institute's (AISI) Automotive Program.
The 16,000 lost vehicles would account for only 12,000 short tons (st) of flat-rolled steel, and nearly 4,000st of aluminum. The 300,000 vehicles would account for 220,000st of lost flat-rolled and 73,000st of aluminum demand.
Regional automakers continue to suffer some temporary plant shutdowns from a lack of semiconductor chips and other raw materials.
Source:Argus Media
