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23 Mar
11:08

Chinese steelmakers respond to higher automotive demand expectations

China’s automotive production and sales showed good results in January and February, and they are expected to keep rising this year. This has triggered steelmakers to respond through production increases. Steelmakers are responding to the expected steel demand growth from the automotive industry. "I estimate production will rise at least 10% on-year in 2021," a source close to Valin ArcelorMittal Automotive Steel Co (VAMA) tells …
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