ResponsibleSteel, a third-party global provider of sustainability standards and certifications, has welcomed US Steel as its first North America-based steelmaking member.
In a news release issued by US Steel on Thursday April 22, ResponsibleSteel chief executive officer Anne-Claire Howard said the 120-year-old Pittsburgh company "brings a vast amount of experience and influence to help us achieve our mission and goals” and expands the organization's geographic footprint.
“The steel industry has a significant impact throughout its value chain, from mine to end product, and is responsible for more than 7% of the global greenhouse gas emissions," Howard said in US Steel's release. "ResponsibleSteel’s members represent every step in this supply chain. U.S. Steel joining makes us a truly global organization, covering all corners of the globe with nearly 10% of global steel production."
A day earlier, US Steel announced that it intends to achieve net-zero carbon emissions by 2050 and disclosed that it had joined ResponsibleSteel earlier this month.
During a presentation at Fastmarkets’ virtual Scrap, DRI and Mini-Mills 2021 conference last week, panelists emphasized that downstream customers - automotive, in particular - are exerting pressure on steel producers to reduce carbon emissions.
Separately on Thursday, to commemorate Earth Day, the American Iron and Steel Institute (AISI) issued a statement pledging that its members are embracing cleaner practices than steelmaking counterparts in China.
"We continue to innovate toward increased use of renewable energy in steel production as well as emissions-reducing advancements in domestic production," Kevin Dempsey, president and CEO of AISI, said in that news release. "This includes the use of direct-reduced iron (DRI) and hot-briquetted iron (HBI), which use natural gas as a reductant. Steel also provides the solutions for customer sectors to reduce their greenhouse gas (GHG) emissions - for example through the use of lightweight steels to make vehicles more fuel-efficient, modern steels used for building windmills and solar panels, and electrical steels used for electrical motors and in the electric grid."
Decarbonization complicates an already complex marketplace. Our latest analysis, 'The true price of green steel', does a deep dive into the ripple effects that overhauling the markets will have on the steelmaking process and supply base.