13
Jan
03:40
Chinese automotive production ends 2016 strongly
2016 Chinese automotive production and sales have hit a new historical high thanks to the preferential purchase taxes for small-engine vehicles. The China Association of Automobile Manufacturers (CAAM) estimates 2017 Chinese automobile sales may gain another 4.9% y-o-y to 29.4 million units after a compromise was reached on ending the tax break, Kallanish notes.
Official data from CAAM suggests Chinese total automotive production was up 16% to 3.09m units i…
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Anonymous
Very good overview of the weekly steel market.
Anonymous