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
BlueScope lowers profit predictions due to global steel slowdown
Australia’s BlueScope Steel has lowered its earnings guidance due to challenging conditions in the global steel industry.
Trump reiterates opposition to USS sale to foreign firm
Former President Donald Trump repeated his disapproval of U.S. Steel’s sale to a foreign owner in a campaign speech on Sunday.
Lindqvist gives up board position as he departs SSAB
After stepping down as president and CEO of SSAB, Martin Lindqvist announced he'll also be leaving his position on SSAB's board of directors.
Price on trade: Japan could help fund Nippon Steel’s acquisition of U.S. Steel
Earlier this month, Nippon Steel announced that it is applying for subsidies under the Japanese government’s Green Transformation Promotion Act to expand the company’s electric furnace steelmaking capabilities and to convert from blast furnace to electric furnace operations. As we have said before, transitioning from blast furnace- to electric furnace-based steelmaking is a good thing […]
Global steel production declines further in September
Global steel mill output totaled 143.6 million metric tons (mt) in September, the lowest monthly rate recorded this year.