The production and sales statistics is out of expectation since the beginning of this year, which is expected to continue rising. Therefore, auto steel demand has more room to grow as car ownership, auto manufacturing, research& development and maintenance increases.

According to statistics from China Association of Automobile Manufacturers, China's auto production hit 1.8994 million units in April, down 8.91 percent month on month and 15.29% year on year; sales reached 1.8417 million units, down 9.50% from a month earlier and 13.38% compared to the same period last year. In the first four months of this year, auto production totaled 7.2965 million units, up 13.44% year on year; sales aggregated 7.2662 million units, up 13.23% from a year earlier.