European Steel Producers Invest in High-Grade Steel Production for Electric Vehicles, an Industrial Info Market Brief

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High-grade steel, along with bar stock, play a significant role in the development of electric vehicles.

In this regard, Saarstahl AG plans to expand the heat-treatment facility at its Homburg, Germany, site, which will help it produce products for the mechanical engineering and automotive industries. Saarstahl is investing 17 million euros ($19 million) in the heat-treatment facility, with commissioning planned for fall 2020.