Electric-vehicle makers are choosing steel over aluminum as the preferred metal for automotive bodies, says the top executive at the largest steel provider to the US car industry.said EV companies are going “all-in” on steel as they build out plans for the transition away from combustion-engine vehicles.
“I don’t see any daylight between myself and Tom Conway,” Goncalves said, referring to the steelworkers union president. “I see them as partners of Cleveland-Cliffs.”One attendee in the audience of about 1 000 people asked if Goncalves’s focus on value over volume has cost Cliffs market share. The CEO responded that it had not happened in the sectors he’s trying to protect, like the automotive industry.
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