Steel still on top despite Camry shift: SMDI

Jul 16, 2014 | 04:18 PM | Thorsten Schier

Tags  Toyota Motor, Camry, aluminum, steel, Steel Market Development Institute, SMDI, Lawrence W. Kavanagh, American Iron and Steel Institute AISI

NEW YORK — Automotive steel proponents said that the material is in wide use today and should remain so due to its superior cost-benefit breakdown, despite reports that Toyota Motor Corp. is intensifying the use of aluminum in its 2018 Camry.

"One narrow view of the future auto industry might suggest a global shift toward increased aluminum usage in cars and trucks because many automakers need to and are evaluating alternative material designs. Invariably, what they are finding out in these evaluations is advanced high-strength steel’s ability to provide mass reduction with superior value and performance is the better solution," the Steel Market Development Institute (SMDI), a business unit of the American Iron and Steel Institute (AISI), told AMM via e-mail.....





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