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11 Sep
01:00

Chinas automotive steel demand disappoints again in August

China’s automotive production saw another weak month in August, with year-to-date production figures down year-on-year for the first time since February 2009. The sharp slowdown has sent steel demand growth for the sector down significantly y-o-y, Kallanish calculates. China produced 1.57 million vehicles in August, -8.44% less than in August 2014, according to the China Association of Automobile Manufacturers (CAAM). That brings the y-t-d total to…
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