Trade Cases
US Steel Unveils Electrical Steel InduX
March 27, 2023
US Steel said its new electrical steel product, InduX™, will start production this summer at the company’s Big River Steel facility in Osceola, Ark.
The Pittsburgh-based steelmaker will be commissioning its new non-grain oriented (NGO) electrical steel line at that time. When fully operational, it will produce up to 200,000 tons of InduX steel per year.
The company noted that total expected capital expenditures for the NGO line of ~$450 million are funded by cash generated from Big River Steel.
InduX is a wide, ultra-thin, and lightweight electrical steel, having all the magnetic properties necessary for electric vehicles (EV), as well as generators and transformers, US Steel said.
The product unveiling occurred at the Corporate Climate Leadership panel at the Ceres Global conference in New York.
“We know achieving our goal of net-zero GHG (greenhouse-gas) emissions by 2050 requires extraordinary action from everyone, and we are doing our part by collaborating to find new business approaches and to develop new technologies,” Richard L. Fruehauf, US Steel SVP and chief strategy and sustainability officer, said in a statement.
By Ethan Bernard, ethan@steelmarketupdate.com
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