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

Hot-rolled sources say demand continues to dwindle, prices feel arbitrary
Genuine demand, they stated, will return when the market feels stable again.

FabArc Steel Supply completes projects in Mississippi, Georgia
FabArc Steel Supply announced this week the completion of two large-scale projects in Georgia and Mississippi.

Thin demand keeps plate prices hovering at lowest levels since February
Participants in the domestic plate market say spot prices appear to have hit the floor, and they continue to linger there. They say demand for steel remains thin, with plate products no exception.

Worldsteel: Global steel demand flat, but modest rebound forecast for 2026
The World Steel Association (worldsteel) Short Range Outlook for global steel demand predicts that 2025’s steel demand will clock in at the same level as in 2024. In its October report, the Brussels-based association stated that this year’s steel demand will reach ~1,750 million metric tons (mt). The organization forecasts a 1.3% demand rebound in 2026, pushing […]

CRU: China’s indirect steel exports find new destination markets
The boom in China’s direct steel exports has not stopped this year, even with a rise in protectionist measures globally. The increase is driven by...