23
Apr
11:53
Chinese automobile production speeds up amid demand recovery
Supported by a recovery in consumption, Chinese automotive production soared in March. 2.46 million units were produced, up 63.8% month-on-month and 71.6% year-on-year. The monthly output remained lower than that of March 2019, however, according to data from the China Association of Automobile Manufacturers (CAAM).
First-quarter production thus reached 6.35m units, up 81.7% y-o-y, exceeding the level of the same period in 2019, Kallanish notes. Commercial vehicle…
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Very good overview of the weekly steel market.
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