Steel Mills
U.S. Steel Reaffirms Dedication to Sustainability
Written by Becca Moczygemba
June 13, 2023
U.S. Steel published its 2022 Environmental, Social and Governance (ESG) Report in which the Pittsburgh-based steel maker said it has dedicated itself to creating sustainable steel and contributing to a greener economy. The report, titled “Essential for Our Future,” reaffirms how essential steel is to creating green technology such as wind turbines solar fields, and electric vehicles. It highlights steel’s ability to be infinitely recycled without loss of quality, providing a significant contribution to lowering greenhouse gas emissions. “Every single employee is playing a role in creating a more sustainable future,” commented David B. Burritt, U.S. Steel’s president and CEO. “Steel’s importance to our society is undeniable, both in the past and into the future as we collectively tackle climate change. It’s of particular significance that we were the first American steel company to set a goal of achieving net-zero greenhouse gas emissions by 2050.” USS said in a press release that it has surpassed its $300 million spending goal on supply chain sustainability programs by nearly 130%. The company is investing in a non-grain oriented (NGO) electrical steel line to meet the increasing demand for EVs and continues to diversify its supplier base. You can find the full report here.
Becca Moczygemba
Read more from Becca MoczygembaLatest in Steel Mills
Nippon’s Mori meets with Pa. Gov. Shapiro: Report
Nori, a top Nippon Steel official, met on Tuesday with Pennsylvania's governor, to discuss its proposed acquisition of U.S. Steel.
Nippon won’t import slabs to US if U.S. Steel deal goes through
Nippon Steel has affirmed that if its $14.9-billion bid for U.S. Steel proves successful, the Japanese steelmaker will not import overseas-produced slabs to the US.
AISI: Raw steel production falls 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.