ArcelorMittal (MT) Enters Supply Deal with General Motors (GM) for Sustainable XCarb Steel
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On our journey towards carbon neutral steel, ArcelorMittal (NYSE: MT)
ArcelorMittal North America's XCarb™ RRP steel is made via the Electric Arc Furnace (EAF) route and contains a stated minimum of 70% scrap, with up to 90% scrap, and does not use carbon offsets to achieve the reduced carbon intensity. XCarb™ RRP is a physical steel product. Its lower CO2 intensity has been independently verified with an accompanying Life Cycle Analysis (LCA) that includes Scope 1, 2 and 3 emissions. A confirmation letter verifies the electricity used in the steelmaking process is from renewable sources.
"This is a terrific first step in supplying steel with substantially lower CO2 emissions to automakers in
"This agreement provides another example of how we are innovating with our suppliers to reduce emissions throughout the supply chain," said
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