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It is reported that Wuhan Steel joins hand with Cherry to build an auto parts production base, which is expected to put into operation next year. The production base will be mainly engaged in auto stamping parts. Wuhan Steel takes shares in the production base but detailed amount hasn't been released yet.Auto plates produced by Wuhan Steel hold the second largest market shares in China, inferior to Baosteel.Many steel mills eye at auto production field on expanding market. Last Friday, Shougang launched auto parts factory located in Fangshan. Baosteel works together with Guangzhou Automobile to tap into auto production field.Wuhan Steel might invest in auto assembly plant in the future.Source - www.cnchemicals.com