Steel Mills
Nucor inks 'green steel' deal with Mercedes
Written by Ethan Bernard
March 20, 2024
Nucor has signed an agreement with Mercedes-Benz to supply its low-carbon steel Econiq-RE to the automaker’s Tuscaloosa, Ala., plant.
The Charlotte, N.C.-based steelmaker launched the Econiq line of net-zero carbon steel products in late-2021.
Nucor said that by using Econiq-RE — a category of Econiq that certifies Nucor steel or steel products are made with 100% renewable energy — greenhouse-gas emissions can be cut to less than half that of “extractive blast furnace-based steelmaking.”
“Our Econiq brand is helping steel end users meet their growth and sustainability goals, and we are proud that it is going to be a key piece of Mercedes-Benz’s path towards a net carbon-neutral new car fleet along the entire value chain,” Dan Needham, Nucor’s EVP of commercial, said in a statement on Wednesday.
Ethan Bernard
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