OEMs

'Race to Green Steel' campaign for automotive launched
Written by Ethan Bernard
February 16, 2024
A coalition of climate and industrial organizations has launched a ‘Race to Green Steel’ campaign.
The aim of the campaign, which began on Wednesday, is to “educate and support automakers in procuring low-emissions steel,” the coalition said in a press release.
Race to Green Steel is a collaborative effort between Industrious Labs, CALSTART’s Green Steel Program, International Council on Clean Transportation, and Climate Group.
The campaign also helps automakers navigate existing programs “focused on setting targets and procuring low-emissions or near-zero emissions steel.” These include the SteelZero initiative from Climate Group and Sustainable Steel Buyers Platform from renewable energy nonprofit Rocky Mountain Institute (RMI).
“There is clear corporate desire to move towards lower-emissions products, which is why more than 3 million metric tons of near-zero emissions steel is already in demand by the auto industry by 2030,” Chathu Gamage, principal at RMI, said. “This number still needs to grow, which is why we need initiatives like Race to Green Steel.”

Ethan Bernard
Read more from Ethan BernardLatest in OEMs

Tariffs pressure consumers but boost Worthington Enterprises’ domestic edge
Worthington Enterprises’ consumer and construction-facing businesses delivered a confident opening act to fiscal 2026. But the story is nuanced — especially where tariffs, volumes, and HVAC demand intersect.

John Deere plans over 140 layoffs at two Iowa facilities
Over 140 John Deere employees at two of its Iowa facilities will be laid off in October.

HVAC equipment shipments down through July
Total heating and cooling equipment shipments eased again in July, according to the latest data released by the Air-Conditioning, Heating, and Refrigeration Institute (AHRI).

Steel Summit: Analysts say demand likely to struggle until 2027
Steel industry analysts at this year's SMU Steel Summit said they see lackluster demand through this year and next.

Chicago Business Barometer drops in August
The Chicago Business Barometer, a leading indicator for the broader US economy, remains in contraction, slipping 5.6 points to 41.5 in August.