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The current environment of economic insecurity and extreme energy prices is threatening the survival of many automotive suppliers and other types of steel fabricators, warned speakers at this week’s MBI Stahl Tag conference in Frankfurt. Heinz-Jürgen Büchner of Deutsche Industriebank IKB cited the example of Kostal, a supplier of electronics in cars, which recently announced it will move all three production sites to locations east of Germany. Simi…
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