Auto industry recovery in US and China supports rolled product demand
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Update time : 2025-01-21 17:38:10
During the three-year pandemic, the global automotive sector faced serious difficulties. After the pandemic quarantine was lifted, the inflation problem restricted the recovery of the car industry. Then there came the electric cars, and the fast-growing electric car industry finally drove the revivification of the car industry.
As for the past year, the US and China, two countries that own the largest car markets in the world, steadily made progress in automotive production and sales in December. Data showed that in 2024, the whole car sales realized a 2.1% growth compared with the previous year.
As the car market remains active, it is believed that there will be more demand for rolled products, which are important materials for car production.
