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20 Jan
20:15

SMDI: Steel remains king in automotive supply chain

Advances in steel aimed at reducing vehicles’ average weights and improving their fuel economies will not materially change steel’s path through the supply chain, says Steel Market Development Institute president Lawrence Kavanagh. Kavanagh says efforts to use more advanced high-strength steels in automobiles won’t keep those cars out of the scrap pipeline longer than the current average of 12 years. He put forward this view during a conference…
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