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Home / Metal News / Sales of heavy trucks in Feb unexpectedly gain YoY

Sales of heavy trucks in Feb unexpectedly gain YoY

Mar 1, 2019 15:30

Source:SMM

This was despite a drop of 24% from Jan

SHANGHAI, Mar 1 (SMM) – Sales of heavy trucks in China unexpectedly increased 0.23% on a yearly basis in February, despite a drop of 24% from January, showed industry data on Friday March 1.

Industry data provider cvworld. cn reported that heavy truck sales in February registered 75,000 units, the second highest level among February’s sales in 2014-2019.

This compared with sales of 86,400 units in February 2017.

Production data

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The China Iron and Steel Association (CISA) reported that crude steel output across major mills in China averaged 2.27 million mt per day in the first ten days of April, up 2.88% from late March and up 16.86% from the same period a year ago.

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Analysis

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Sales of heavy trucks in Feb unexpectedly gain YoY

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