13
Oct
05:08
CAAM remains pessimistic on weak September auto production
Although Chinese automobile production rebounded month-on-month in September, it still registered a large decline year-on-year due to a high base and electricity restrictions. The China Association of Automobile Manufacturers (CAAM) predicts China’s annual auto production will not hit its previous forecast.
September production was up 20.4% m-o-m to 2.08 million units, but still down 17.9% y-o-y. Output has been improving from a mid-summer slump bu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous