China's cold-rolled coil producers are incurring losses amid falling prices, even though the automotive industry - a key downstream consumer - experienced a rebound in sales and output in March.
The country's auto sales totaled 1.43 million units last month, more than four-and-a-half times of February's 310,000 units, while output was 1.42 million units, about five times of the 285,000 units produced a month earlier, the China Association of Automobile Manufacturers (CAAM) reported last Friday April 10.China's CRC prices in eastern China were at 3,640-3,690 yuan ($516-523) per tonne...