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Sluggish car sales impact global glass market

Post Time:Nov 12,2013Classify:Industry NewsView:37

Japan's key stock index extended its sell-off to an 11th straight session July 3, its longest slide in 54 years, according to an Associated Press report the same day.Especially hard hit Thursday were glass makers, trading firms and iron and steel companies, on mounting concerns over a slowdown in the auto industry, the report states."It has become clear that car sales are declining, and so that is affecting sentiment in auto parts, including glass, iron and steel," said Kazuki Miyazawa, market analyst for Tokyo’s Daiwa Securities SMBC in the report.

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