It looks as though ArcelorMittal has a plan. “After testing 1,500 designs over three years in its global R&D center in East Chicago, Ind., steelmaker ArcelorMittal SA has come up with what its engineers think will be a key component of the car of the future: a 29-pound door,” reports Crain’s Chicago Business.
“The part, which weighs 27 percent less than today’s standard doors, is critical to the company’s future, too. By 2025, the car industry must nearly double fuel efficiency of new vehicles, to an average of 54.5 miles per gallon. To meet that deadline, designers, engineers and materials experts are on a mad dash to cut weight from vehicles without compromising safety. That means ArcelorMittal has to come up with lighter steel alloys or lose sales in its biggest market to makers of aluminum, plastics or carbon fiber composites.”
The cash price of primary Indian nickel saw a 1.2 percent increase on Monday, October 28, making it the biggest mover for the day. The 3-month price of nickel weakened by 0.3 percent on the LME, settling at $14,430 per metric ton. On the LME, the nickel spot price declined 0.1 percent to $14,380 per metric ton.
Chinese stainless steel prices were mixed for the day. The price of Chinese ferro-chrome saw essentially no change for the fifth day in a row. For the fifth day in a row, the price of Chinese ferro-moly remained essentially flat.
The price of Chinese primary nickel weakened by 0.3 percent. The price of Chinese 316 stainless coil saw little movement. The price of Chinese 304 stainless coil remained essentially flat. The price of Chinese 316 stainless steel scrap saw essentially no change for the fifth day in a row. The price of Chinese 304 stainless steel scrap saw little movement.