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    Market Segment

    March 20, 2024

    Nucor inks 'green steel' deal with Mercedes

    Written by Ethan Bernard

    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

    Ethan Bernard is managing editor for Steel Market Update. He previously worked for American Metal Market as a copy editor in the New York office for two years, starting in 2008. Later, he copy edited AMM’s monthly magazine on a freelance basis from 2015 until 2017. With experience in financial copywriting and textbook publishing, he holds a BA in Comparative Literature from UC Berkeley, and an MFA in Creative Writing from New York University. He can be reached at ethan@steelmarketupdate.com or 724-759-7871.

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