The automotive industry is rapidly evolving toward an autonomous and electric future, and steel is well-prepared to grow alongside it, representatives from Nucor and Cleveland-Cliffs said during a panel at Fastmarkets' 2021 Steel Success Strategies Industry Briefing.
Steel "offers an enormous combination of solutions that are easily implemented into the next version of vehicles," Dan Gordon, senior director of automotive sales at Cleveland-Cliffs, said during a panel discussion on Monday June 21."You're going to have to make these materials not only affordable, but efficient from an environmental standpoint," according to Dean Kanelos, market development and product applications manager for automotive at Nucor. "It's important that we as an industry make steels more environmentally friendly, and that's what we are doing throughout the entire industry."Steel's safety and cost-effectiveness, grade variety, sustainability and the fact that most automakers are already set up for steel-based production all make steel an essential part of the auto industry's progress...