13,744.64 TRY BIST 100 BIST 100
53.73 EUR EUR EUR
46.31 USD USD USD
6.89 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
43.69 TRY Interest Interest
93.67 USD Fossil Oil Fossil Oil
6.21 USD Copper Copper
94.66 USD Silver Silver
99.92 USD Iron Ore Iron Ore
400.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
99.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Hyundai and Kia cut production at the USA factories

South Korean automakers Hyundai and Kia are cutting production at their the USA plants for another week as the semiconductor shortage (chip problem) continues to put pressure on the industry.

Hyundai and Kia cut production at the USA factories

Hyundai began reducing production at its sedan and sports utility vehicle factory in Alabama earlier this week. It expects to resume full production on August 30. The company had experienced similar production declines in the previous week.

Kia is cutting one shift of its three shifts at its sedan and compact commercial vehicle factory in Georgia from August 30 to September 3. It is expected to return to full production after the September 7 Labor Day holiday.

This is the latest announcement of production losses in the North American auto industry.

AutoForecast Solutions increased its forecast for North American vehicle production in 2021 to over 2 million lost, threatened or salvageable this week.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Vedanta Iron & Steel accelerates growth with 4 billion tonnes of reserves

Thursday, June 18, 2026

Nippon Steel expects over USD 624 million profit from U.S. Steel

Thursday, June 18, 2026

ERDEMİR becomes Türkiye’s 16th largest industrial company

Thursday, June 18, 2026

KARDEMİR becomes Türkiye’s 30th largest industrial company

Thursday, June 18, 2026

Far East iron ore market shows limited decline and sideways trend

Wednesday, June 17, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now