ArcelorMittal North America Announces Supply Agreement with General Motors for Standard XCorp(R) Steel from North America

ArcelorMittal SA North America will supply General Motors (GM) XCarb(TM) recycled and renewable resource (RRP) steel, which has significantly lower CO2 emissions than carbon steel available in North America. The material will be supplied by ArcelorMittal Tofasco in Hamilton, Ontario and deliveries are expected to begin in the second quarter of 2023. ArcelorMittal North American XCarb(TM) RRP steel is manufactured via EAF (Electric Arc Furnace) and has a stated minimum size. 70% scrap, maximum 90% scrap, and does not use carbon offsets to achieve reduced carbon intensity.

XCarb(TM) RRP is a body steel product. Low CO2 intensity has been independently verified through a relevant Life Cycle Assessment (LCA) covering Scope 1, 2 and 3 emissions. The confirmation letter verifies that the electricity used in the steelmaking process comes from renewable sources.

ArcelorMittal Dofasco is currently undergoing a transformation to reduce carbon emissions at the plant by around 60% by switching to a direct reduced iron (DRI) steelmaking process powered by an electric arc furnace (EAF). ArcelorMittal aims to reduce the carbon intensity of its global steel production by 25% by 2030 and to be carbon neutral by 2050.