Cleveland-Cliffs CEO sees EV industry preferring steel to aluminum

Aug. 23, 2022 10:56 AM ETCleveland-Cliffs Inc. (CLF)By: Carl Surran, SA News Editor23 Comments

large bowl of molten metal at a steel mill. Steel production.

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Electric vehicle makers are choosing steel over aluminum as the preferred metal for automotive bodies, according to Lourenco Goncalves, CEO of Cleveland-Cliffs (NYSE:CLF), the largest provider of steel to the U.S. auto industry.

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