Technology Innovation in Steel

Technology Innovation in Steel

One could think that the steel sector is very commoditized, where little innovation happens when it is actually the exact opposite. As a matter of fact, steel product manufacturers need to be constantly developing new products for their clients (e.g. in the construction or automotive industry) while staying cost-competitive.

The companies working for the automotive sector have to undergo constant innovation to meet the challenges of this industry (e.g. improve safety and reduce energy consumption). Those companies in the construction sector also look for an improvement in steel materials, an increase in strength and durability or better protection against corrosion using nanotechnology, for example.