Ford North American sales fall sequentially

Market: Coking coal, Metals
28/10/22

US automaker Ford's North American sales fell in the third quarter compared with the second quarter as partially completed vehicles weighed on its volumes.

The company's wholesale volumes in North America were 568,000 vehicles in the third quarter, down by 8.1pc from the prior quarter's 618,000 vehicles. The company estimates it has 40,000 partially completed vehicles waiting for additional semiconductor chips to come available before they can be finished and shipped to dealers. Ford expects these vehicles to be completed and sold in the fourth quarter.

Compared to the third quarter of 2021, Ford's wholesale volumes increased by 4pc.

Ford estimates that 2022 wholesale volumes will be up by 10pc compared with the prior year. For the year through the third quarter, the company's wholesale volumes are up by 9pc across its global footprint and up by 21pc in North America.

By Rye Druzin

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Mexico industrial production contracts in March

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US inflation eases to 2.3pc in April

13/05/25

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13/05/25

US inflation eases to 2.3pc in April

Houston, 13 May (Argus) — US inflation slowed in April, pulled lower by falling gasoline prices, while core inflation continued to show signs of mounting inflation pressures, as the new US administration's tariff policies have scrambled corporate and consumer investment and spending patterns. The consumer price index (CPI) slowed to a seasonally adjusted annual rate of 2.3pc in April, down from 2.4pc in March and off from 2.8pc in February and the lowest rate since February 2021, the Labor Department reported Tuesday. Analysts surveyed by Trading Economics had forecast a 2.4pc rate for April. Core inflation, which strips out volatile food and energy, rose at an 2.8pc annual rate, unchanged from the prior month. The deceleration in inflation came a month after President Donald Trump began to levy tariffs on imports from China and on steel, aluminum and automobiles, starting in February. Several tariff deadlines were pushed back, including a three-month pause enacted this week on much steeper tariffs for most countries. The tariffs have prompted companies and consumers to pull back on investments and some purchases while shaking up financial markets, and heightening concerns of a global recession. The energy index fell by an annual 3.7pc in April, down from 3.3pc in March. Gasoline fell by 11.8pc after a 9.8pc decline. Piped natural gas rose by an annual 15.7pc following a 9.4pc gain. Food rose by an annual 2.8pc, slowing from 3pc. Eggs slowed to an annual 49.3pc after an annual 60.4pc, as avian flu has slashed supply. Shelter rose by an annual 4pc in March, matching the prior gain. Services less energy services rose by 3.6pc, slowing from 3.7pc in March. New vehicle prices edged up by an annual 0.3pc. CPI rose by a monthly 0.2pc in April after falling by 0.1pc in March. Core inflation rose by 0.2pc for the month following a 0.1pc gain in March. By Bob Willis Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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ISTA blasts 'ludicrous' Tata Steel UK assertion to TRA

13/05/25

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13/05/25

ISTA blasts 'ludicrous' Tata Steel UK assertion to TRA

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India’s Vedanta expands metals exploration

13/05/25

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13/05/25

India’s Vedanta expands metals exploration

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US tariff to curb Japan’s crude steel output in FY25

13/05/25

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13/05/25

US tariff to curb Japan’s crude steel output in FY25

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