BEIJING — Automakers are beginning to pressure local steel makers to increase capacity for high-grade products used for car production. The Chinese government reportedly projects steel usage by the auto industry hitting 9 million tons this year, up from 5.5 million tons in 1996. Demand will hit 10 million tons annually in the 2001-2005 period, when car production is forecast to reach 3 million units, the State Administration of Metallurgical Industry predicts. In the near-term, much of ...
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