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The use of steel has not been any less impactful in the world of automotive. Its ability to be machined and manufactured in various shapes through different techniques makes it a practical, cost-effective, and durable option.
The types of steel used in the automotive industry can be anywhere from stainless steel, high-strength steel, high-carbon, low-carbon, or galvanized steel.
These types of steel are used in the production of various vehicle and engine components.
Some examples are the following: bushings, bearings, exhaust pipes, radiators, car frames, chassis, wheel rims, and many more. There’s no disputing that steel has etched itself in the history of manufacturing as one of the most reliable materials out there.
China Automotive Steel market is expected to gain market growth in the forecast period of 2024 to 2030 .It is analysed that the market is growing with the CAGR of XX.X% in the forecast period of 2024 to 2030 and is expected to reach USD XXXX million by 2030.
