Latest edition released by AMA on Global Automotive Steel Market to regulate the balance of demand and supply. This intelligence report on Automotive Steel includes Investigation of past progress, ongoing market scenarios, and future prospects. Data True to market on the products, strategies and market share of leading companies of this particular market are mentioned. It’s a 360-degree overview of the global market’s competitive landscape. The report further predicts the size and valuation of the global market during the forecast period.

Some of the key players profiled in the study are TATA Steel (India), World Steel Association AISBL (Belgium), ArcelorMittal (Luxembourg), AISI (United States), JFE Steel (Japan), Posco (South Korea), United States Steel Corp. (United States), Nippon Steel (Japan), JSW Group China Steel Corp. (India), Nucor Corp. (United States), Hyundai Steel Co. Ltd. (South Korea), ThyssenKrupp (Germany)
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The automotive industry is currently dominated by hype about mobility services, autonomous driving, digitization, electric powertrains, etc. The increasingly stringent regulations relating to automobile productions and fuel efficiency, reducing the weight of automobiles is an extremely essential consideration for automakers. Steel is facing increasing competition from aluminium and other materials, as automobile manufacturers look to diminish the weight of the vehicles.

Market Trends:
New High Strength Hot Rolled Steel Sheet for Strain Aging Use
Opportunities:
Rapid Adoption for Lightweight Materials
Rising Investing In R&D for Developing Advanced Lower Weight and Higher Strength
Market Drivers:
Increased Safety Performance
Growing Demand for Technologically Advanced Passenger Cars
Rising Demand for Electric Vehicles
Challenges:
High Cost of Steel

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