With Steel Facing Competition From Aluminum In Automotive Applications, By What Percentage Will ArcelorMittal’s Automotive Steel Shipments Change By 2020?

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ArcelorMittal’s automotive steel shipments could decline by 15% from 2015 levels by 2020, as automakers shift towards using a greater proportion of lighter materials such as aluminum in order to comply with increasingly stringent regulations pertaining to fuel efficiency and automobile emissions in Europe and North America.

MT Auto Shipments 2020 1

*Data taken from ArcelorMittal’s 20-F filing for FY 2015

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MT Auto Shipments 2020 2

*The North American & European markets account for most of ArcelorMittal’s automotive steel shipments

**Proportion of steel usage in automobiles in the U.S. is approximately 60% in 2015, which is expected to decline as usage of aluminum and composites increases

***Asssuming ArcelorMittal’s share of global automotive steel shipments remains the same in 2020 as in 2015

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Notes:

1) The purpose of these analyses is to help readers focus on a few important things. We hope such lean communication sparks thinking, and encourages readers to comment and ask questions on the comment section, or email content@trefis.com
2) Figures mentioned are approximate values to help our readers remember the key concepts more intuitively. For precise figures, please refer to our complete analysis for ArcelorMittal

 

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