3FOOD

Third Industrial Revolution Consulting Group
For example, ArcelorMittal is the world’s leading steel supplier to the automotive industry, and
the steel giant is immersed in promoting sustainable mobility over the past decade as part of
the Future Steel Vehicle (FSV) initiative. The FSV consortium focused on cleansheet designs for
the expanding electric vehicle market. ArcelorMittal has made tremendous strides in lightweighting
the EV underbody’s total weight by 20% using advanced high-strength steels and
ultra high-strength steels (Usibor ® and Ductibor ® ). These steel products now constitute over
85% of the underbody.
ArcelorMittal also uses its advanced steels in intelligent design of vehicle components for
deriving multiple benefits like increased safety, reduced emissions, and reduced metal waste, in
addition to reducing emissions and fuel consumption during vehicle use. Co-engineering with
automakers, ArcelorMittal generates optimized steel specifications with innovative tools like
laser-welded blanks to get the right steel in the right place.
In the energy sector, the steel consumed in the coal, oil and gas industries is on a declining
path, given the urgency of eliminating emissions and pollution. The steel market for nuclear
reactors is also declining, given the recognition that living with reactors means living with the
intrinsic risk of a fat-tail probability of catastrophic disaster, whether triggered by nature,
technical failure, human error, or malicious terrorist attack.
Chemical Composites
Shifting markets to composites and other material substitutions means new business
opportunities for non-steel industrial and manufacturing sub-sectors. Luxembourg-based
corporation DuPont has been co-engineering lighter weight components with automakers,
using a range of high-performance polymers to displace metals. For example, DuPont
developed innovative nylon resin products (Minlon ® and Zytel ® PLUS) that are instrumental in
fabricating engine components capable of withstanding harsh chemicals, scorching
temperatures, and extreme pressures. Other DuPont products, like the thermoplastic Delrin ®
has been valuable for engineering levers and gears and other functional components.
But shifting to solar and wind technologies offer multi-trillion euro new business opportunities
for both the steel industry and other manufacturers.
Advanced Steel and Composites
According to the World Steel Association, steel comprises four-fifths of the materials used to
construct and install wind turbines, and 90% of that steel is recyclable at the end of the wind
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