China's auto producers scaled back their output in July and sold fewer cars in comparison with a month earlier, the China Association of Automobile Manufacturers (CAAM) reported last week.
The country produced 2.20 million vehicles last month, down by 5.3% from June. Its auto sales amounted to 2.11 million units, down by 8.2% month on month, CAAM said.A Shanghai-based trader noted that cold-rolled coil, a key raw material in auto production, was...