China auto sales fell in March, industry expects pick-up in H2 – Gulf Today

China auto sales fell in March, industry expects pick-up in H2 – Gulf Today

China's auto sales fell at a slower rate in March and industry experts expect a pick-up in the second half.. Li Xinchuang, chairman of the China Metallurgical Industry Planning and Research Institute (CMIPRI), a government think-tank, expects new infrastructure projects to increase direct demand of specialty steel products by around 33 million tonnes this year, or roughly the annual output of Brazil, the ninth-largest steel producer.. The China Special Steel Enterprises Association, which uses a stricter definition of specialty steel, said output in 2019 was roughly 12% of the China's crude steel production of 980 million tonnes or about 118 million tonnes.. China is the world's biggest steel maker, with 1.2 billion tonnes of steel product output in 2019.. A spokesman for China's second-biggest steel producer HBIS Group said it expects to sell around 30,000-40,000 tonnes of L-section special steel per month as the UHV projects ramp up later in 2020..