Steel Mills
Nucor Sets Net-Zero Emissions Target for 2050
Written by Becca Moczygemba
November 13, 2023
Nucor Corp. has announced its target date for net-zero greenhouse gas (GHG) emissions as 2050.
The Charlotte, N.C.-based steelmaker established an interim target for 2030, and an ultimate target date for 2050 to reach the net-zero goal, the company said in a press release on Monday.
“We are the North American leader in sustainable steelmaking, and these targets further highlight our leadership role in developing clean solutions for the entire steel industry,” Leon Topalian, chair, president, and CEO of Nucor said in the release.
Both the 2030 and 2050 dates include scopes one through three emissions as defined by the Global Steel Climate Council’s (GSCC) Steel Climate Standard. Nucor said it is the first diversified steelmaker in the US to set GHG reduction targets encompassing all three scopes.
The company plans to achieve its goals by increasing the use of clean electricity, carbon capture and sequestration, and near-zero GHG iron-making, according to the release.
Additionally, Nucor said it will “utilize technologies to reduce its consumption of injection and charge carbon, and will reduce the use of natural gas in its production processes.”
“These targets and the details of our plans to achieve them will provide our customers, investors, and policymakers with a clear roadmap of where Nucor is going and how we plan to get there,” said Greg Murphy, Nucor’s EVP of business services, sustainability, and general counsel.
The Steel Climate Standard sets scope emissions guidance for the production of hot-rolled steel. The full standard framework can be found here.
Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Mills
Hot-rolled coil market remains slow, market participants say
Hot rolled spot market participants reported another week of moderate demand and ample supply, with no strong signs that conditions will change next week.
CRU: Blackout knocks out ArcelorMittal mill ‘for months’
Truchas works in Lazaro Cadenas, Michoacan, western Mexico. Repairs may take up to six months.
Nippon Steel posts quarterly loss on cost to buy U.S. Steel
Nippon Steel earnings take hit from buy of U.S. Steel.
Atlas completes Evraz NA deal, renames firm, and hires former USS exec as CEO
Atlas Holdings has completed its acquisition of Evraz North America (Evraz NA) and its subsidiaries.
ArcelorMittal: As tariffs slow global growth, Calvert could be a bright spot
ArcelorMittal expects less demand growth across most of the markets it operates in, including the US, because of President Donald Trump’s tariffs. But the Luxembourg-based steelmaker also thinks it stands to benefit from an increasingly regionalized world thanks to investments like the new EAF at its mill in Calvert, Ala.