Steel Mills

Nucor, US Steel Bag Green Steel Contracts From HVAC Provider
Written by Laura Miller
November 16, 2022
Demand for low-carbon steel is picking up, with two US steel producers bagging significant contracts to provide green steel for a global HVAC producer.
Sustainable HVAC provider Trane Technologies announced it will be purchasing low-carbon steel from Nucor Corp., its primary supplier, as well as from US Steel.
Nucor’s Econiq™ steel and US Steel’s verdeX® steel will be used in Trane’s US manufacturing of heat pumps and air conditioners for residential use and in commercial thermal management systems.
The low-carbon steel will account for 20% of Trane’s annual steel purchases, and the Swords, Ireland-based company plans to increase its usage of net-zero steel to 50% by 2030 and to 100% by 2050.
“Our partnerships with Nucor Corp. and US Steel will make our products even more sustainable as we continue to decarbonize our full value chain – from the raw materials we use, to our own operations, to the lifecycle impact of our products and services around the world. We’re proud to be leading the market transition to a net-zero future,” said Trane chair and CEO Dave Regnery.
The leaders of both steelmakers expressed their enthusiasm for Trane’s interest in low-carbon steel in a statement announcing the purchase agreements.
“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 Trane Technologies’ vision of a net-zero emissions future,” Nucor chair, president, and CEO Leon Topalian said.
“US Steel’s verdeX® steel is strong enough to handle the day-to-day demands of businesses and homeowners, and can reduce CO2 emissions by up to 70%–80% versus integrated steel mill production,” noted US Steel president and CEO David Burritt.
Trane operates manufacturing facilities all across the US and the world.
By Laura Miller, Laura@SteelMarketUpdate.com

Laura Miller
Read more from Laura MillerLatest in Steel Mills

Nucor names Batterbee, Bledsoe to HR roles
Nucor Corp. has promoted Thomas J. Batterbee to the position EVP of human resources and talent and appointed Elizabeth Bledsoe to the newly created position of president of human resources and talent.

Millett sees tariffs, CORE case benefiting SDI
Steel Dynamics' top exec thinks Trump’s tariff policies, as well as the results from the recent CORE case, will prove advantageous to the Fort Wayne, Ind.-based steelmaker and aluminum company.

USW digs in on opposition to USS-Nippon deal
“We remain deeply concerned about the national and economic security implications of the subject transaction,” the union stated in the letter dated April 21.

SDI’s Q1 earnings slump on-year, but up sequentially
SDI earnings slip in first quarter year over year, but are up sequentially.

POSCO inks MoU with Hyundai on Louisiana EAF mill
POSCO has signed a Memorandum of Understanding (MoU) with Hyundai Motor Group that includes an equity investment in Hyundai’s previously announced EAF mill set to be built in Louisiana.