Steel Mills
US Steel Execs Meet With White House on Funding for Decarb
March 13, 2023
Top executives from US Steel met with White House officials to explore funding opportunities for decarbonization.
The Pittsburgh-based steelmaker said president and CEO David B. Burritt and Richard L. Fruehauf, chief of strategy and sustainability, joined White House climate officials as well as industry and labor leaders to discuss “public and private collaborations to support industrial decarbonization.”
“As we look to the future, we’re focused on being at the forefront of the steel industry’s efforts to curb climate change,” Burritt said in a statement about the meeting earlier this month.
“We appreciate the president’s leadership … and look forward to continuing our discussions with the Biden administration,” he added.
The Biden administration has announced a plan to provide approximately $6 billion to speed up the decarbonization of US industry.
By Ethan Bernard, ethan@steelmarketupdate.com
Latest in Steel Mills
Cliffs unveils new hydrogen-powered stainless line in Ohio
CEO Lourenco Goncalves, flanked by state leaders and union reps, touted the project as proof that US manufacturing is not only alive, but also advancing.
Cliffs idles Steelton, Riverdale, and Conshohocken operations
Cliffs has idled facilities in Riverdale, Ill., and Conshohocken and Steelton, Pa.
Radius loss narrows, volumes climb in ‘healthy’ West Coast market
Stronger steel demand in the Western US, rising scrap flows, and improved rolling mill utilization drove sequential gains for Portland, Ore.-based Radius Recycling.
AISI: Raw steel production backs off multi-year high
US raw steel output edged lower last week after hitting a multi-year high in mid-June, according to the American Iron and Steel Institute (AISI).
Private equity firm Atlas Holdings to acquire Evraz North America
Atlas Holdings said it has signed a definitive agreement to acquire Evraz North America (Evraz NA). The Greenwich, Conn.-based private equity firm said it expects the deal for the Chicago-based steelmaker to close in the second quarter of 2025 subject to various closing condition.