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12 Dec
08:02

Chinese automotive production increases slightly in November

China produced 3.08 million vehicles in November, up 2.31% year-on-year and 18.69% from last month, according to data from the China Association of Automobile Manufacturers (CAAM). A strong performance by commercial vehicle producers has stimulated some increase in steel use from automotive production but this is still lower than the growth rate in 2016. Estimated steel demand from the sector could dip further next year with the purchase tax discount r…
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