United States Steel Corp has set up a low-emission electric arc furnace at its Fairfield Works and has closed its maiden green bond issue to fund the project.
Founded in 1901, US Steel is an integrated steel producer with annual raw steelmaking capability of 22 million tons supplying to automotive, infrastructure, appliance, container, and energy industries.
The company’s ‘best of both’ integrated and mini-mill technology strategy is advancing a more secure, sustainable future with renewed emphasis on innovation and customer focus.
“The new EAF in collaboration with Big River Steel are proof points of our best of both strategy and ways we can provide value to our customers. The completion of our EAF delivers on our commitment to add sustainable steelmaking capability to our footprint, while driving significant cost reductions. For our customers, we will be more agile and nimble to deliver the steel they require to meet their specific needs. When you combine the EAF, with our proprietary grades of premium connections, we are confident that U. S. Steel offers a unique value proposition to our customers,” David Boyd Burritt, President CEO and director of US Steel said.
This story is from the December 2020 edition of Steel Insights.
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This story is from the December 2020 edition of Steel Insights.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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