9,031.82 TRY BIST 100 BIST 100
4.79 CNY CNY CNY
34.51 USD USD USD
36.34 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
42.50 TRY Interest Interest
72.97 USD Fossil Oil Fossil Oil
31.21 USD Silver Silver
31.21 USD Copper Copper
99.42 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,945.15 TRY Gold (gr) Gold (gr)

VELUX Group and ArcelorMittal sign long-term agreement for the supply of low carbon emission steel

In line with its sustainability goals, VELUX Group has signed a 10-year agreement with ArcelorMittal for the supply of steel produced from recycled and renewable resources. This cooperation aims to decrease the carbon footprint of the steel used in VELUX's skylights by 70% compared to traditional production methods.

VELUX Group and ArcelorMittal sign long-term agreement for the supply of low carbon emission steel

Within the framework of the agreement, the performance of steels produced under ArcelorMittal's XCarb® brand has been tested and verified. XCarb® steel is produced using at least 75 % recycled material and 100 % renewable electricity. The process is carried out at an ArcelorMittal plant in northern Spain using electric arc furnaces fuelled by renewable energy sources.

VELUX Group plans to use XCarb® steel in its skylight components by 2025, gradually increasing the supply of these steels by 2023. It is stated that 5.7 % of the company's total scope 3 emissions are caused by metals formed by steel.

VELUX Group's goal is to decrease its scope 3 upstream emissions by 50 % by 2030. While VELUX's commitments in the field of sustainability emphasise the importance of cooperation between companies, this long-term agreement with ArcelorMittal stands out as an important step in decarbonisation efforts.

VELUX Group, with its skylights and related products, has been aiming to brighten and make people's living spaces healthier for more than 80 years around the world. Operating in 37 countries globally, the company continues to work with 11,900 employees with the aim of creating sustainable living spaces.

ArcelorMittal officials stated that this partnership contributes to the decarbonisation of materials used in daily life and expressed their appreciation for VELUX's commitment to using low carbon emission steel. Steel continues to be one of the cornerstones of VELUX's overall carbon footprint reduction targets.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

A new era begins in the Indian steel sector

Thursday, November 21, 2024

China's HRC, CRC and rebar production decreased y-o-y in October

Thursday, November 21, 2024

HRC prices decline from China to Middle East

Thursday, November 21, 2024

EU construction decreased in september

Thursday, November 21, 2024

Iranian analyst Keyvan Jafari Tehrani shared the effects of world politics on the steel industry

Thursday, November 21, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now