Nucor Supplies Lower-Carbon Steel to Mercedes
Nucor (NUE) struck a deal to supply Mercedes-Benz with Econiq™-RE steel for their Tuscaloosa, Alabama factory.
This steel is a leader in low-carbon content, and it is made with entirely renewable energy, cutting greenhouse gas emissions by more than half compared to traditional steel production.
"Nucor is grateful for the opportunity to partner with Mercedes-Benz as a strategic supplier of lower-embodied carbon steel, which will reduce carbon emissions throughout their supply chain," said Dan Needham, EVP of Commercial. "Our Econiq™ brand is helping steel end-users meet their growth and sustainability goals, and we are proud that it is going to be a key piece of Mercedes-Benz's path towards a net carbon-neutral new car fleet along the entire value chain."
Nucor is a sustainability leader itself. They have set science-based targets for net-zero emissions by 2050 and already use nearly 80% recycled scrap in their steel production process.
As the biggest recycler in the Western Hemisphere, Nucor is constantly developing new ways to lower emissions throughout the steel industry. Their goal is to make steel greener and empower partners to achieve their own climate goals.
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Source: PRNewswire
