CAAM: China June auto output surges 23%, sales up 12%
Jul 10, 2020 17:00
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Domestic auto production and sales saw on-year rises for the third successive month in June after declining for 21 straight months, with the recent recovery of the auto industry’s performance seen as helping more to prop up demand for hot-rolled coil (HRC) than cold-rolled coil (CRC), Mysteel Global has learned.
In June, auto production increased by a respectable 22.5% on year or 6.3% on month to 2.3 million units while sales also increased by 11.6% on year or 4.8% on month, according to the latest data from the China Association of Automobile Manufacturers released on July 10.
Commercial vehicles continued to