Threat of steel alternates in auto ‘real’: USS
Apr 30, 2014 | 03:47 PM
| Michael Cowden
PITTSBURGH U.S. Steel Corp. is pushing hard to replace mild steels with new high-strength steels as it fights to fend off competing materials in the automotive sector, the companys top executive said.
"We see these challenges from other materials as real, but believe that we have, and are still creating, steel solutions," U.S. Steel president and chief executive officer Mario Longhi said during an April 30 earnings conference call.
Longhi didnt name specific competing materials, but aluminum companies are gearing up for what they expect to be a big jump in demand for aluminum sheet as automakersaiming to boost fuel economyincreasingly substitute the light metal for steel (amm.com, April 9). Dearborn, Mich.-based Ford Motor Co., for example, plans to make an aluminum-bodied F-150 starting with the 2015 model year (amm.com, Jan. 13).....
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