12
Sep
11:57
Chinese automotive output jumps in August
Chinese automotive output jumped in August to the second-highest level this year, due to a boost from government measures to promote auto sales, including direct subsidies and tax reductions, Kallanish notes.
Monthly auto production grew 7.2% month-on-month and 7.5% year-on-year to nearly 2.58 million units, according to the China Association of Automotive Manufacturers (CAAM). This was the fastest y-o-y growth in the past quarter, and thus boosted August out…
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Anonymous
Very good overview of the weekly steel market.
Anonymous