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
Read more from Ethan BernardLatest in Steel Mills
 
		                                Ternium swings to Q3 loss, eyes 2026 recovery
Ternium closed the third quarter with steady shipments and improving margins. But trade policy uncertainty and subdued demand in Mexico weighed on the Latin American steelmaker’s results.
 
		                                Algoma’s losses widen in Q3 as tariff troubles continue
Algoma Steel’s net loss more than quadrupled in the third quarter on trade woes and its EAF transition. Separately, the company announced a change in leadership, as CEO Michael Garcia will retire at the end of the year.
 
		                                Cliffs, POSCO announce MoU for ‘transformative’ partnership
Cleveland-Cliffs on Thursday said it had signed a memorandum of understanding (MoU) with POSCO to forge a strategic partnership, one Cliffs bills as "transformative."
 
		                                Cliffs touts steel stamping solution to replace aluminum in automotive
Cliffs said it successfully completed a defect-free trial production of exposed steel parts using aluminum-forming equipment in collaboration with an unnamed OEM,
 
		                                Nucor navigates mixed flat-rolled markets with strategic muscle
Nucor entered the fourth quarter with clear forward momentum: stronger-than-expected results, solid sheet and plate demand, and construction progress on a major new mill that should add capacity next year.
