This morning in metals news: U.S. Steel announced it will offer a new sustainable steel product line called verdeX™; meanwhile, Intel will invest $20 billion toward two new factories to serve the “incredible global demand for semiconductor manufacturing”; and, lastly, Century Aluminum announced a power contract in South Carolina for its Mt. Holly aluminum smelter.
Volatility is the name of the game. Do you have a steel buying strategy that can handle the ups and downs?
U.S. Steel unveils new sustainable steel
No matter the sector, sustainability is a concept that continues to gain traction — and not just from environmentally conscious individual consumers.
This week, during Ceres Conference 2021, U.S. Steel unveiled a new line of sustainable steel dubbed verdeX™.
“U. S. Steel is now capable of producing some of the most advanced high strength steels with only a quarter of the carbon dioxide emissions previously required,” the steelmaker said in a release. “The company is now partnering with customers to introduce U. S. Steel’s verdeX line of sustainable steel, so they can offer even more sustainable products to consumers.”
The steelmaker said it will release additional information about the sustainable steel line in the coming weeks.
Intel to invest in semiconductor manufacturing
The semiconductor shortage has led to the ringing of alarm bells around the world, particularly in the automotive sector.