International Steel Mills
ArcelorMittal inks 10-year green steel pact with roof window maker
Written by Ethan Bernard
October 15, 2024
Luxembourg-headquartered ArcelorMittal has entered into a 10-year commercial agreement with the Velux Group to supply the roof window maker with more sustainably produced steel.
Denmark-based Velux will gradually increase its order intake of XCarb, an ArcelorMittal product with a minimum of 75% recycled steel that uses 100% renewable electricity during production.
“The long-term agreement between our companies sends a powerful message about the importance of steel in the decarbonization of the everyday materials that we all use,” Laurent Plasman, chief marketing officer of industry, ArcelorMittal Europe – flat products, said in a statement on Tuesday.
The two companies agreed in 2023 to enter a partnership to lower the carbon footprint of the steel used in Velux roof windows by up to 70% vs. conventionally produced steel.
Ethan Bernard
Read more from Ethan BernardLatest in International Steel Mills
Ternium’s Vedoya named AIST’s Steelmaker of the Year
Maximo Vedoya was awarded in recognition of Ternium’s expansion project in Pesquería, Mexico, and Ternium’s efforts to decarbonize steelmaking.
CRU: Baosteel hints at output cuts in China
Baosteel exec comments on market rumors of 50 million tons of output being cut this year, less than 0.5% of the 1 billion tons-plus China has produced annually in recent years.
POSCO mulls teaming up with Hyundai on Louisiana mill
South Korea’s POSCO is eyeing linking up with Hyundai Steel in the project to build a steel plant in Louisiana, according to media reports.
Global steel production edges lower in February
February’s global raw steel output is tied with last December's for the fourth-lowest monthly production rate recorded over the past two years.
Japanese PM cites ‘unjust political interference’ in Nippon/USS deal: Report
Japan’s Prime Minister Shigeru Ishiba said on Monday that former President Joe Biden’s decision to block Nippon Steel’s buy of U.S. Steel was “unjust political interference,” according to a report in Reuters. This comes after another Reuters report on Friday saying that President Trump would not object to Nippon taking a minority stake in the […]