19
Feb
09:31
Chinese automotive steel demand growth strengthens in January
China’s automobile output surge continued in January on the continuing impact of tax breaks since October. Implied steel demand from the sector also had a strong showing. This grew some 7.07% year-on-year, Kallanish calculates.
Automotive production was up 7.14% y-o-y at 2.45 million vehicles in January, according to the China Association of Automobile Manufacturers (CAAM). Within this, passenger car production was up 9% to 2.15m units, while commercial ve…
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Anonymous
Very good overview of the weekly steel market.
Anonymous