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Automotive Steel is recycled steel and it can be recycled unlimitedly. Automotive industry has lower Carbon Dioxide life cycle emissions than any other automotive material. High strength steels enable light but stronger vehicles.
Automotive industry is all those companies involved in the manufacture of motor vehicles, including most components such as bodies and engines. But they will not manufacture the tires, fuel and batteries.
The types of steel used in Automotive industry can be anywhere from High-strength steel, High-Carbon, Low-Carbon, Stainless steel and galvanized steel.
Examples of the Automotive steel industry are listed below.
The India Automotive steel market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.