Steel Mills
U.S. Steel Intros Lower-Emission verdeX Steel
Written by Sandy Williams
March 26, 2021
U.S. Steel introduced a new sustainable product line, verdeX, at the Ceres Conference 2021 last week. The advanced high-strength steel can be produced with only one-fourth of the carbon dioxide emissions previously required, the company claims.
“We know that the urgency of the climate crisis requires more from all of us,” said U S. Steel President and CEO David B. Burritt in a video message. “So, we’re changing our portfolio of steelmaking technologies. Creating something new, steels that are best for our customers and best for our planet. Together we can build a sustainable future.”
The new steel will be produced at U.S. Steel’s LEED-certified subsidiary Big River Steel.
“Making steel is historically carbon-intensive,” said Burritt. “But once produced it is infinitely recyclable. We’re also exploring ways to source power from greener and carbon-free sources. As always, we’re partnering with customers to reimagine what steel can be and how it can make them successful. It’s all part of an aggressive goal to reduce greenhouse gas emissions by 20% across our global footprint by 2030. As we execute on that goal, we know more needs to be done for our customers and for the planet.
“Sure, we want to be the best at steelmaking, but we want to do it in the most sustainable way with advanced high technology and the creativity of our people now producing an essential product: sustainable steel.”
An informational video on verdeX can be viewed here. Additional information will be provided by U.S. Steel in the coming weeks.
Sandy Williams
Read more from Sandy WilliamsLatest in Steel Mills
AISI: Raw steel production eases to 5-week low
Domestic raw steel mill production slipped to a five-week low last week, according to the latest figures released by the American Iron and Steel Institute (AISI). Weekly production is now at the third-lowest level recorded this year.
Nucor maintains HR price at $750/ton
Nucor’s weekly consumer spot price (CSP) for hot-rolled (HR) coil was unchanged week on week (w/w) at $750 per short ton (st) on Monday, Nov. 18.
Mexican court orders sale of officially bankrupt AHMSA
After failing to reach agreements with its creditors, Altos Hornos de México (AHMSA) has been formally declared bankrupt by a Mexican bankruptcy court.
AISI: Raw steel production edges back up
Domestic raw steel production recovered last week, after slipping the week prior, according to the latest American Iron and Steel Institute (AISI) data. Weekly production remains at some of the lowest levels recorded this year.
Cliffs closes its 2024 HR spot book
Cleveland-Cliffs announced the closing of its December order book for hot-rolled coil spot purchases, though it said contract bookings remain available.