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Are you basing this on real knowledge or a guess？ My understanding, from when I lightly researched Japan Steel as a stock, was that car makers want fresh steel
by Danieru 4y ago
Are you basing this on real knowledge or a guess？
My understanding, from when I lightly researched Japan Steel as a stock, was that car makers want fresh steel with higher guaranteed performance. Thus they can use less steel and reduce weight.
Since vehicles are mobile the reduced weight will have a much bigger carbon reduction than from using recycled steel.
- steve76 4y ago[dead]
- _trampeltier 4y agoWe make welded steel tubes primary for car industry, and as far I know, we also use just "new" steel. Still, since 2 years or so, in all our mail signatures is something about an green steel award we won. But they just anounced, our factory will be closed by end of 2023.