11
May
13:25
Chinese April auto production crumbles on restrictions
Because of lockdowns in many cities including Shanghai and logistics issues affecting raw material supply, China's April automotive production crumbled to the lowest level for the same month since 2010, and also the lowest absolute level since February 2020, Kallanish observes.
Monthly output stood at 1.21 million units, down 46.2% month-on-month and 46.1% year-on-year, according to data from the China Association of Automotive Manufacturers (CAAM). This …
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Very good overview of the weekly steel market.
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