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    Market Segment

    April 22, 2021

    U.S. Steel Targets Net-Zero Emissions By 2050

    Written by David Schollaert

    Integrated steelmaker U.S. Steel Corp. announced plans to become carbon neutral by 2050, on top of its existing goal to reduce greenhouse gas emissions intensity by 20% across the company’s global footprint by 2030. The use of electric-arc furnaces (EAFs) and other advanced technologies will be crucial to achieving such significant carbon emission reductions, the company said.

    “Climate change is a global crisis that requires a global response,” said U.S. Steel President and CEO David Burritt. “Today, by announcing our net-zero goal, U.S. Steel is committing to doing our part to support the Paris Agreement on climate change to achieve global carbon neutrality by 2050. With our 120-year history of innovating to solve any challenge, U.S. Steel intends to be a part of the climate solution.”

    David Schollaert

    David Schollaert is deputy editor-in-chief for Steel Market Update. David joined SMU after more than a decade in the metals and mining industry in a myriad of different roles. Much of his early experience and expertise were within the coverage and analysis of steel-making raw materials and served previously as senior editor of the CRU Prices Service. Most recently, however, before his return to market analysis, David held roles as a metals buyer and an operations manager for raw material suppliers. He can be contacted at david@steelmarketupdate.com or 724-720-1008.

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