The North American International Auto Show in Detroit is as big of an event for car enthusiasts as an Apple product launch is for techies. A car and tech enthusiast I am not. But growing up in the Steel City and working on the Platts metals team has made me a bit of a metals enthusiast, and the Detroit auto show is a major event for metal enthusiasts, too. Last year, the big news at the show was the aluminum-bodied Ford F-150 truck winning the prize for truck of the year. Some carmakers believed that aluminum would be key to helping US automobiles achieve Corporate Average Fuel Economy (CAFE) standards. In 2012, President Barack Obama tasked automakers to boost the average fuel economy of new cars to 54.5 mpg by 2025. Fuel economy isn’t the only way to go green, though. “There’s another consequence when you shift away from steel, and that’s on the environmental side,” Larry Kavanagh, president of the Steel Market Development Institute, told Platts this week during a break from the auto show. Kavanagh said aluminum production emits four to five times more greenhouse gas or CO2-equivalent emissions than steel production and requires seven times the amount
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Source: CTRM Center