28
Jun
12:09
Chip shortage continues to suppress Chinese auto industry
Chinese automobile production kept falling in May, coming in at 3.67 million units, down 8.7% month-on-month and 6.8% year-on-year, according to data from the China Association of Automobile Manufactures (CAAM).
Production in the first five months thus came to 10.63m units, an increase of 36.4% y-o-y, Kallanish notes. In terms of vehicle types, only new energy vehicles saw strong growth thanks to policy support. This type saw record highs in May of 217,000 units f…
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Anonymous
Very good overview of the weekly steel market.
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