“We strongly believe that a well-crafted (fuel efficiency) program can result in fuel-efficient, safe vehicles, and protect our environment without burdening consumers with prohibitively high-priced vehicles or harming employment in the U.S. manufacturing sector," said AISI president and chief executive Thomas J. Gibson.  

"We appreciate National Highway Traffic Safety Administration and the Environmental Protection Agency’s consideration of all these factors in the development of this proposal.”

On Thursday, the administration formally proposed revisions to the national fuel efficiency standards set during President Barack Obama’s time in office. The Obama rules had required had targeted a fleetwide average fuel economy of 54.5 mpg by 2025, but the revision would cap that requirement at 37 mpg starting in 2020. 

The more stringent standards have helped drive demand for lighter, stronger automotive steels. However, some in the industry have said they don’t believe the revision in standards will dramatically soften demand for those steels. 

You can read more about the new standards here and here.