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INDIANA, 8 June 2023: ArcelorMittal North America and General Motors (GM) have announced a supply agreement for sustainable XCarb steel.
The steel will be made using ArcelorMittal’s Electric Arc Furnace (EAF) route and will contain a minimum of 70% scrap. This will result in significantly reduced CO2 emissions compared to traditional carbon steel production methods.
Reduce CO2 emissions
The agreement is a significant step forward for both companies in their efforts to reduce their carbon footprints. ArcelorMittal is committed to reducing the carbon intensity of its steel production by 25% by 2030 and to achieving carbon neutrality by 2050. GM has set a goal of achieving net-zero emissions by 2040.
The supply agreement will initially cover the production of 100,000 tons of XCarb steel per year. This will be used in the production of GM vehicles, including the Chevrolet Silverado and GMC Sierra pickup trucks.
“This is a terrific first step in supplying steel with substantially lower CO2 emissions to automakers in North America,” said Peter Leblanc, CMO Automotive at ArcelorMittal. “As a global leader in the steel industry, we are making smarter steels for people and planet, and XCarb™ RRP is one of the smartest steels around.”
“This agreement provides another example of how we are innovating with our suppliers to reduce emissions throughout the supply chain,” said Jeff Morrison, GM vice president of Global Purchasing and Supply Chain. “It also highlights how strong supplier relationships can help build a better, more sustainable future.”
Sustainable future
The supply agreement is a positive development for both ArcelorMittal and GM. It is a sign of their commitment to reducing their carbon footprints and to building a more sustainable future.
