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Stock impact report

Advanced High Strength Steel (AHSS) Market To Reach USD 44.5 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]

POSCO Holdings Inc. American Depositary Shares (Each representing 1/4th of a share of) (PKX) 
Company Research Source: Yahoo! Finance
Fort Collins, Colorado, April 16, 2024 (GLOBE NEWSWIRE) -- Advanced high-strength steel will witness exponential growth in the forecast period. The automotive industry is a significant driver for advanced high strength steel (AHSS) market. The demand for AHSS is increasing as vehicle manufacturers strive to improve fuel efficiency, lower emissions, and increase passenger safety. According to the U.S. Department of Energy, the use of AHSS in vehicles can reduce vehicle weight by as much as 25%, thereby improving fuel economy and reducing greenhouse gas emissions. Moreover, strict safety rules are put in place by governments worldwide. The rise in infrastructure development and construction endeavors worldwide are significant drivers for the Advanced High-Strength Steel (AHSS) market. AHSS finds extensive application in constructing bridges, high-rise buildings, and various infrastructure projects owing to its exceptional strength-to-weight ratio and remarkable durability. Accord Show less Read more
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