Adv
LANGUAGES
English
Hindi
Spanish
French
German
Chinese_Simplified
Chinese_Traditional
Japanese
Russian
Arabic
Portuguese
Bengali
Italian
Dutch
Greek
Korean
Turkish
Vietnamese
Hebrew
Polish
Ukrainian
Indonesian
Thai
Swedish
Romanian
Hungarian
Czech
Finnish
Danish
Filipino
Malay
Swahili
Tamil
Telugu
Gujarati
Marathi
Kannada
Malayalam
Punjabi
Urdu
SMM

Automotive sheet capacity continues to expand, supply-demand imbalance intensifies, putting industry profits under pressure

EDITED BY : 2MINS READ

According to SMM statistics, China's automotive sheet production in 2024 totalled approximately 492,000 tonnes, an increase of about 8,000 tonnes compared to 2023. The growth rate continued to slow but remained positive.

China's automotive sheet production

{alcircleadd}

By year-end 2024, there were eight domestic companies with stable automotive sheet production capabilities, with a combined annual capacity of approximately 1 million tonnes. However, nearly 300,000 tonnes of automotive sheet capacity was still under preparation or commissioning. Currently, the domestic market primarily uses automotive sheets for the four doors and two hoods of vehicles, including 5182 and 5754 automotive inner panels, as well as 6014 and 6016 automotive outer panels.

The processing fee ranges were 8,000-12,000 (excluding tax) and 10,000-14,000 (excluding tax), respectively. Due to the high degree of customisation, processing fee quotation ranges varied among automotive sheet producers. Key factors influencing processing fees included the brand positioning of downstream customers (i.e., automakers), the performance requirements of the automotive sheet products themselves, and order volumes. 

Compared to 2023, automotive sheet production in 2024 still fell short of expectations, primarily due to a sluggish automotive sheet market during the year, with multiple automakers reducing procurement volumes. In 2025, no significant improvement signals are expected on the demand side. However, 100,000-200,000 tonnes of capacity is expected to be completed and put into operation, with the supply-demand relationship continuing to trend toward oversupply. The profit margins of the entire industry are likely to face further compression.

Adv
Adv
Adv
Adv
Adv
Adv
Adv
EDITED BY : 2MINS READ
Adv
Adv
Adv

Responses

Adv
Adv
Adv
Would you like to be
featured with us?
Business Cards
Featured
Want to get your company featured by us?
Business Cards
Featured
Adv
Adv
Business Leads VIEW ON AL BIZ

AL Circle News App
AL Biz App

A proud
ASI member
© 2025 AL Circle. All rights reserved.
AL Circle is not responsible for content from external sources.