In the United States the automotive industry is a major consumer of steel. We estimate that 25-30% or 25-30Mt of steel is used in this sector annually. Almost half of this is linked to the passenger vehicle market, which includes cars, wagons, pick-up trucks and SUVs. The automotive sector is important not only because of its size but also because it has been the only sector that to date has returned to and exceeded pre-crisis consumption volumes...
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Insight | Nov 2015
US steel exposure to automotive: friend or foe?
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