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13 Apr
07:38

Chinese motor vehicle production continues to grow

Chinese motor vehicle production and sales both increased strongly in March, according to the China Association of Automobile Manufacturers (CAAM). Kallanish calculates that implied automotive steel demand increased 8.53% year-on-year to 3.92 million tonnes in March. Automotive production increased 10.26% y-o-y and 56.38% month-on-month to 2.52 million units in March 2016, on the back of a seasonal spike in sales. Passenger vehicle production increased 10.97% y-…
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