The automotive industry is experiencing a period of great uncertainty: commercial duties, taxes on harmful emissions, the switch to electric motors, the diffusion of long-term rental are just some of the issues that will determine the future of this sector. Certainly the car sector needs to be restructured in order to suit the new mobility paradigms.
The automotive giants are following closely the tough trade battle announced by the increase of US import duties to 25% which, in the instance of Volkswagen alone, would lead to a damage that amounts to 2.5 billion a year. Furthermore, with the rise of import duties, production will have to be carried out in the reference markets and this would consequently lead to the doubling of the sums invested which could have, otherwise, be destined to research and development of car electrification and autonomous driving.
In addition, the decline in the production of diesel motors (-16% in the first 6 months of 2018), combined with the increasingly widespread use of long-term rental acts as a brake for the entire sector.
Despite the critical year, however, in CPC Inox the Automotive sector represents 19% on total volumes, and marks an improvement with respect to the 16% figure of last year: of which 5,89% is sold in Italy and 12, 91% abroad. Steel production for the car industry is mainly applied to the fields of producing components for discharging and transporting fluids, followed by electric resistances and heat exchangers, which are produced using the newly developed tube coil system.