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The #automotive #steel #market will also see a significant increase in the #powertrains used in ULEVs, including electric motors and battery cells. These components, which are expected to contribute to a 1.6 million tonne rise in European steel demand by 2050, will #consume higher amounts of #electrical and plated steel, respectively. Electrical steel is a critical component in electric motor construction, and the grades of electrical steel utilized can affect the performance of these #machines. https://www.maximizemarketresearch.com/market-report/global-automotive-steel-market/22955/

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