MB STAINLESS LJUBLJANA: Strong electric vehicle growth could hit engineering steel volumes

The global engineering steel market could shrink by 4.5 million tonnes between 2017 and 2025, should there be a sharp increase in the share of electric vehicles in the global automotive market, according to Markus Moll, md of Steel & Metals Market Research (SMR).

The global market volume could fall to 23.50 million tonnes by 2025, down from 28 million tonnes in 2017, Moll said at Metal Bulletin’s stainless steel conference in Ljubljana, Slovenia, on Thursday September 7. It would also lead to global consolidation in the engineering steel market, which predominantly consists of...

Published

Viral Shah

September 07, 2017

23:17 GMT

Ljubljana