Demand for the Authorist in China will probably increase

The growth of indicators of production and sales of cars in China will positively affect the overall growth in the consumption of steel products by the country's auto enterprises. This conclusion was made by analysts of the Chinese "Steel House".

According to the statistical data of the Chinese Association of the Automobile Industry, the growth of production amounted to 8.91 percent of the previous month and 15.29 percent in an annual comparison in April. The volume of sales of new cars in the domestic market of China amounted to 1 million 841 thousand 700 units, which is 9.5 percent more than March and 13.38 percent above April 2012.

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In the first quarter, China's automotive industry showed an impressive growth of 12.81 percent, while sales growth amounted to about 14 percent. Thus, analysts believe, the growth of production and sales of a car is better than expected, laid in the first quarter of 2013, laid a strong foundation for steel consumption for the whole year. This can significantly increase the demand for steel used in the automotive industry.

Steel occupies 72 - 88 percent of the raw materials used in the production of one car, so the growth of production and sales of a car in 2013 will positively affect the increase in demand for the Authorist. It is expected that China’s automobile market will grow by 5-6 percent by the end of this year, and the most daring experts predict an increase of 8 percent.