Nucor Corporation announced is forming a 50/50 joint venture with JFE Steel Corporation of Japan to build and operate a plant in central Mexico to supply that country’s automotive market. The plant is expected to have a cost of $270 million and a capacity of 400,000 tons per year of galvanized sheet steel.
Americans scrap 10 to 12 million vehicles per year, fueling a $20 billion-plus industry in recycled automotive steel, copper, plastic, glass and rubber.
The Steel Market Development Institute (SMDI), a business unit of the American Iron and Steel Institute (AISI), shared results of a study, “The Importance of the Production Phase in Vehicle Life Cycle GHG Emissions.”
At its first summit and expo dedicated to recycling and sustainability in manufacturing, Re|focus, SPI: The Plastics Industry Trade Association today released a new report, Automotive Recycling: Devalued is now Revalued.