GERMANY: BMW expansion is good news for steel
BMW will require at least 14,000 additional tons of flat-rolled steel each year for body and major structural components going into the manufacture of the X5 sport activity vehicles once the automaker wraps up a $300-million expansion program at Spartanburg, S.C. The additional steel sheet requirements could be as high as 25,000 or 30,000 tons annually, according to company sources.
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