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12 Apr
04:33

Chinese automotive production continues to grow

Chinese automotive production increased rapidly month-on-month in March but year-on-year growth has slowed sharply, according to the China Association of Automotive Manufacturers (CAAM). The growth in commercial vehicles production stands out however, with the recovery in this sector a major boost for steel demand, Kallanish notes. China produced 2.61 million vehicles in March, up just 3.04% year-on-year, compared with the 11.1% growth rate over the first two mo…
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