With Steel Facing Competition From Aluminum In Automotive Applications, By What Percentage Will ArcelorMittal’s Automotive Steel Shipments Change By 2020?
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.
*Data taken from ArcelorMittal’s 20-F filing for FY 2015
*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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