Climate Changed
It’s Back to the Future for Stainless Steel Cars. Sort of
- Acerinox CEO Velasquez says he’s ‘happy’ with American Economy
- Company waiting for right time to expand Malaysian facilities
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One of the world’s largest stainless steel producers says the rise of electric cars will boost demand for the alloy in auto manufacturing. The opportunity outweighs the challenge of competing for nickel supplies, used in many batteries and the most important raw material in making rust-free steel.
“Stainless steel is used to protect the batteries that equip hybrid cars, and overall this industry employs it more than the traditional one,” Bernardo Velazquez, chief executive of Acerinox SA, said in an interview in Madrid.