This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

U. S. Steel CEO: New Steel Grades Will Play Leading Role In Achieving Future Fuel Economy Requirements

DETROIT, April 11, 2013 /PRNewswire/ -- What material will lead the way in helping automakers achieve future fuel economy requirements? According to John Surma, chairman and CEO of United States Steel Corporation, the clear answer is steel. During an Automotive Press Association Luncheon held today at the Detroit Athletic Club, Surma discussed how new steel grades will play a critical role in evolving automotive designs to meet the 2025 54.5 mpg mandate.

During the event hosted by the Steel Market Development Institute (SMDI), a business unit of the American Iron and Steel Institute (AISI), Surma outlined why advanced high-strength steels (AHSS) are the fastest growing materials in vehicles and will continue to grow. According to Surma, steel's continued growth and development is due to its wide range of properties that allow it to satisfy increasing vehicle safety and performance requirements while generating significantly lower greenhouse gas emissions compared to other materials, all at a competitive cost. 

Surma cited multiple examples to support steel's "complete package" message, including the successful FutureSteelVehicle program that demonstrates how new steels and design methods can reduce body-in-white mass by 39 percent compared to traditional steel bodies, while also reducing life cycle emissions by nearly 70 percent without a cost increase. He also cited a project in which a front lower control arm made from an alternative material was replaced with an AHSS part of the same weight at 30 percent lower cost.

"The combinations of scientific research and product development have brought our industry to this point in the development of new steels," Surma said. "Now, as an industry, we are continuing our research on the next … the third… generation of advanced high-strength steels."

During his presentation, Surma discussed an aggressive collaborative project to help create the next generation of advanced steel grades. SMDI together with the Auto/Steel Partnership and the U.S. Automotive Materials Partnership received an award of $6 million from the U.S. Department of Energy for its "Integrated Computational Materials Engineering Approach to Development of Lightweight, Third-Generation Advanced High-Strength Steels" project. The four-year project began in the first quarter of 2013 and will develop integrated computer models to accelerate the development of the next generation of weight-saving high-strength products.  Along with steel companies and car companies, five universities, two engineering companies and Pacific Northwest National Laboratory will participate in the research.  

"The program will start from atomic and nano scale models of steel and continue through the performance of these steels in actual vehicles," Surma said. "Establishing such intelligent systems for new steel development will be a powerful tool to help our industry design the steels of tomorrow."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.24 0.00%
FB $117.81 0.00%
GOOG $701.43 0.00%
TSLA $211.53 0.00%
YHOO $36.94 0.00%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs