Wiederholt, a renowned manufacturer of precision steel tubes, has reached an agreement with steel producer ArcelorMittal to use low-CO2 steel in its production. This collaboration, underlined by a recently signed memorandum of understanding, emphasises both companies' commitment to making their production more sustainable. The two companies have been working together for decades and are now increasingly focussing on environmentally friendly innovations.
Sustainability benefits for Wiederholt's customers
Wiederholt plans to purchase hot-rolled steel from ArcelorMittal, which has a CO2 reduction of up to 65 per cent. These savings are made possible by the purchase of "XCarb® Green Steel Certificates" and steel labelled as "XCarb® recycled and renewably produced". Wiederholt can pass on the resulting CO2 savings to its customers, which is documented by environmental product declarations (EPDs).
Uwe Seiger, Purchasing Manager at Wiederholt, says:
"Our decision in favour of CO2-reduced steel from ArcelorMittal reflects our commitment to sustainability. We recognise the great potential of green steel in the coming years and are preparing to offer these sustainable products to our customers."
Wiederholt's precision steel tubes are mainly used in the automotive industry and are used in components such as shock absorbers, camshafts, steering components, cardan shafts and stabilisers.
ArcelorMittal's "XCarb® recycled and renewably produced" steel is made from at least 75 per cent recycled scrap, which is melted down in an electric arc furnace using renewable energy.
Striving for climate neutrality
Jochen Grünewald, Managing Director of ArcelorMittal Commercial Germany, explains: "Our product range is specifically tailored to the demanding needs of Wiederholt's precision tubes, both in terms of product properties and the entire supply chain. With the XCarb® products, we want to ensure that the products continue to meet the requirements in the future. The first customers have already expressed their interest in our low-emission steel."
ArcelorMittal has set itself the ambitious goal of reducing CO2 emissions in Europe by 35 per cent by 2030 and achieving net-zero emissions worldwide by 2050. At the same time, Wiederholt is endeavouring to be climate-neutral in the areas of Scope 1 and 2 by 2030 in accordance with the Greenhouse Gas Protocol.