10
Jun
01:00
Automotive drags down Chinese steel demand
China has again released weak automotive sales and production figures for May, confirming a slowdown in consumer demand and manufacturing. The decline means that the sector is seeing a year-on-year fall in steel demand for the second month in a row, Kallanish calculates.
China’s automotive industry had been an area of steel demand growth in contrast to the construction sector. But in May it produced 1.96 million units, down -0.58% from a year earlier, …
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous