Can China’s NEV tax break extension bolster flat steel market?

China’s latest attempt to prop up demand for electric vehicles is likely to have limited impact on the steel market, sources told Fastmarkets.

They doubt the move would have much of an effect on sales amid a bearish outlook for demand.

The Chinese government on Wednesday June 21 announced that it would extend...


Zihuan Pan

June 22, 2023

07:01 GMT