Tag: China’s automotive steel demand to rise by 2.5% in CY’24

Demand for steel from China’s automobile manufacturing sector is expected to reach 48.4 million tonnes (mnt) this year, rising by 2.5% from a year ago, Mysteel predicted in a report published recently. The increasing application of high-strength steel and the growing demand for alloy steel in new energy vehicles (NEVs) are potential trends for the…