Final Thoughts
US Steel to Supply GM With VerdeX From Big River
February 14, 2023
US Steel said it will supply General Motors (GM) with verdeX® sustainable steel produced at Big River Steel, its electric-arc furnace (EAF) sheet mill in Arkansas.
The low-carbon steel produced at the Osceola, Ark., mill will begin shipping to GM manufacturing facilities starting this year, the Pittsburgh-based steelmaker said.
“We are pleased to join GM in its mission to promote a world with zero emissions by providing such an advanced and sustainable steel product,” US Steel commercial officer Ken Jaycox said in a statement on Tuesday, Feb. 14.
VerdeX® is manufactured with up to 75% fewer emissions compared to traditional blast furnace production. Also, it’s made with up to 90% recycled content, US Steel said.
US Steel is currently underway with a $3-billion project to double capacity at Big River Steel with a new, EAF sheet mill with capacity of three million tons per year.
Once construction of the new mill is complete, the company said it would expand production of sustainable advanced high-strength and electrical steels, including verdeX®.
By Ethan Bernard, ethan@steelmarketupdate.com
Latest in Final Thoughts
Final Thoughts
What's going to be the next big thing in steel?
Final Thoughts
Based on the amount of ‘out of office’ replies we’ve been receiving and the results of this week’s steel buyers’ survey, those pesky summer doldrums have arrived for the steel industry.
Final Thoughts
Maybe some of this uncertainty will get ironed out ahead of Liberation Day tariffs resetting higher rates on July 9. But if I had to place a wager, it would be on more drama and last-minute brinksmanship - whether it comes to the Liberation Day tariffs or the various Section 232s that are in the works.
Final Thoughts
What should you keep your eye on, considering the latest geopolitical events?
Final Thoughts
Not many people in the North American steel market had direct US involvement in another Middle East conflict on their bingo card. Prices weren't expected to shoot higher unless something unexpected happened. That unexpected something has now happened. And there is talk of oil at $100 per barrel. What does that mean for steel?