13
Nov
08:58
Tax boost revives China’s automotive market
After more than a year of steady decline in steel demand from the Chinese automotive sector, October’s data finally shows signs of a rebound. A tax break for car buyers has boosted sales, while commercial vehicle demand is finally bottoming out.
China produced 2.19 million vehicles in October, up 7.06% year-on-year, Kallanish notes. This allows the year-to-date total to stop its decline, coming in up 0.02% at 19.28m vehicles, according to the latest d…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous