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Domestic auto sheet holds larger market share

By Dai Yan (chinadaily.com.cn)
Updated: 2006-12-22 09:13

Special coverage: Auto China 2006  Related publication:        Related readings: Auto parts industry sees varied profit margins China defends tariffs on auto parts imports Auto parts import grows steadily China attractive to auto parts buyers

Domestic automotive sheets account for 70 percent of the Chinese market, and cold-rolled steel sheets for sedans, which depended mostly on imports, now mainly come from domestic suppliers.

BaosteelCo Ltd, China's largest steel producer, holds a half of the domestic auto sheet market, and the other large domestic steel makers including Angang Steel Co and Wuhan Iron & Steel Co Ltd have a combined market share of more than ten percent.

Baosteel provided simulation tests and auto mould samples for 70 percent of domestic medium- and high-grade sedans introduced in 2005.BeijingBenz-Daimler Chrysler Auto Co preferred Baosteel's high strength galvanized sheet for the Chrysler 300C sedan.

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The full text is available in the December Issue ofAutoChina.