U.S. Steel to Promote Steel Safety in Autos Over Alternative Materials

Bloomberg reported that US Steel is using the tactic of promoting safety in using steel in autos to consumers, as automakers aggressively seek alternative materials.

As quoted in the market report:

Automakers are looking to materials such as high-strength steel, aluminum and magnesium to reduce vehicle weight and cut fuel consumption to help meet stricter U.S. rules. North American automakers may triple their use of stronger, thinner steel by 2025 to increase fuel efficiency, according to the Steel Market Development Institute, an industry lobbying group.

To view the whole Bloomberg report, click here.