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Business

Nippon Steel devises lighter, stronger auto steel

TOKYO -- Nippon Steel & Sumitomo Metal has developed an automotive steel sheet that is 20-30% lighter and 25% stronger than the toughest high-tensile steel now on the market, hoping to help carmakers build more fuel-efficient, safer vehicles.

The company is conducting verification tests and will start marketing the product around 2020 for use in vehicle frames, chassis and other components.

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