ArcelorMittal has signed a supply agreement with automaker General Motors (GM) to provide recycled steel in an effort to cut the company’s carbon intensity.
“It is steel with physically lower CO2 emissions, which will help drive the achievement of ArcelorMittal’s goal to be carbon-neutral.”
Peter Leblanc, chief marketing officer of automotive at ArcelorMittal
“It is steel with physically lower CO2 emissions, which will help drive the achievement of ArcelorMittal’s goal to be carbon-neutral,” said Peter Leblanc, chief marketing officer of automotive at ArcelorMittal.
Through the agreement, steel produced for GM will include a minimum 70% recycled material sourced from subsidiary ArcelorMittal Dofasco in Hamilton, Ontario, with shipments expected to begin in the second quarter of 2023. The steel can include a maximum of 90% recycled material, and ArcelorMittal will not use carbon offsets to achieve promised emissions reductions, the company said in a release.
The deal is part of the company’s commitment to cut the carbon intensity of its steel by 25%. ArcelorMittal says its claims for the steel’s reduced carbon intensity were independently verified through a life cycle analysis that includes Scope 1, 2 and 3 emissions.
The news follows GM having previously signed a separate agreement with US Steel for steel made with 90% recycled material.