US Steel (USS) launched a new range of low-carbon steel products at the Ceres Conference 2021 on Mar 24.
The new product line called VerdeX consists of high-strength steel made by using one-fourth of the carbon dioxide emissions compared to traditional steel products, Kenneth E. Jaycox, senior vice-president and chief commercial officer at USS said during the product launch.
The Pittsburgh, Pennsylvania-headquartered steelmaker has started changing its portfolio of products laying more emphasis on sustainable steel products made largely at its Big River Steel plant. It recently introduced a steel grade for the automotive industry, XG3, which according to David Burritt, president and chief executive officer, USS, will help automakers to increase fuel efficiency because of the lightweight material.
Although the company did not disclose the volumes of VerdeX it plans to produce this year, USS indicated that the VerdeX line’s steel could be infinitely recycled. USS recently lifted its Q1 earnings guidance on demand strength and the gains it received from its purchase of Big River Steel last year. USS’ integrated and mini-mills together have the capacity to produce around 26.2mn nt (23.8mn mt) of crude steel per year.