Nucor, US Steel Bag Green Steel Contracts From HVAC Provider

Nucor’s Econiq™ steel and US Steel’s verdeX® steel will be used in Trane’s US manufacturing of heat pumps and air conditioners for residential use and in commercial thermal management systems.

The low-carbon steel will account for 20% of Trane’s annual steel purchases, and the Swords, Ireland-based company plans to increase its usage of net-zero steel to 50% by 2030 and to 100% by 2050.

“Our partnerships with Nucor Corp. and US Steel will make our products even more sustainable as we continue to decarbonize our full value chain – from the raw materials we use, to our own operations, to the lifecycle impact of our products and services around the world. We’re proud to be leading the market transition to a net-zero future,” said Trane chair and CEO Dave Regnery.

The leaders of both steelmakers expressed their enthusiasm for Trane’s interest in low-carbon steel in a statement announcing the purchase agreements.

“Our Econiq™ brand is helping steel end users meet their growth and sustainability goals, and we are proud that it is going to be a key piece of Trane Technologies’ vision of a net-zero emissions future,” Nucor chair, president, and CEO Leon Topalian said.

“US Steel’s verdeX® steel is strong enough to handle the day-to-day demands of businesses and homeowners, and can reduce CO2 emissions by up to 70%–80% versus integrated steel mill production,” noted US Steel president and CEO David Burritt.

Trane operates manufacturing facilities all across the US and the world.

By Laura Miller, Laura@SteelMarketUpdate.com