Steel Markets
Toyota Joins the A/SP Consortium
Written by David Schollaert
July 29, 2021
Toyota Motor North America in now a member of the Auto/Steel Partnership (A/SP), joining automakers Stellantis and General Motors in a consortium that includes the American Iron and Steel Institute’s (AISI) Automotive Applications Council.
“We are excited to welcome Toyota to our team of automakers, steel companies and tier supplier representatives who are dedicated to pursuing the partnership’s goals and projects,” said Michael Davenport, A/SP’s executive director. “Toyota will make a great addition to the diversity and knowledge we need to continue to achieve world-class research, education and technology advancements.”
Formed in 1987, the A/SP is a partnership of North American automotive companies, manufacturers, major sheet steel producers, and tier one suppliers that collaborate on research, innovation, technical development, validation, and education to reduce mass and increase safety and durability in vehicles.
The consortium is comprised of steel mill members of AISI’s Automotive Applications Council (ArcelorMittal, Nucor and Posco), North American automakers (General Motors, Stellantis and Toyota), as well as tier one affiliates (Gestamp and Martinrea). Together, they leverage shared research in a pre-competitive environment to identify industrial solutions in the automotive industry.
David Schollaert
Read more from David SchollaertLatest in Steel Markets
CMC looks beyond Arizona micro-mill woes to long-term viability of construction mart
Despite the economic and geopolitical upheaval of the last five years, CMC President and CEO Peter Matt points out that the construction market has been an essential element of the way forward.
US importers face stricter rules under revamped S232 tariffs
“CBP expects full compliance from the trade community for accurate reporting and payment of the additional duties. CBP will take enforcement action on non-compliance," the agency said in a March 7 bulletin.
Steel exports rebound in January
US steel exports recovered to a five-month high in January after having fallen to a two-year low in December. This growth follows four consecutive months of declining exports.
Construction spending drops marginally in January
Construction spending edged down slightly in January, slipping for the first time in four months. The US Census Bureau estimated spending at a seasonally adjusted annual rate of $2,196 billion in January, down 0.2% from December’s downward revised rate. The January figure is 3.3% higher than a year ago. January’s result, despite the slight erosion, […]
HVAC equipment shipments slow in December but strong annually
Shipments of heating and cooling equipment in the US fell to an 11-month low in December, according to the latest data released by the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).