Fuel efficiency goals will hurt some steelmakers, Fitch says

Jul 19, 2013 | 10:17 AM | Stacy Irish

Tags  steel, high strength steel, auto, fuel efficiency, ArcelorMittal, Posco, Fitch Ratings, aluminum magnesium

LONDON — Tough new vehicle fuel-efficiency targets in the United States and Europe are likely to lead to lower sales volumes for steel companies, Fitch Ratings Ltd. said.

Higher prices for lighter, stronger steels should benefit well-funded producers that have the resources to invest in product development compared with companies that make less-sophisticated components, such as heavier structural parts, the ratings agency said.....

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