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海角涩区 Releases Sustainability Report Emphasizing Progress

Titled 鈥淭he Future of Steel鈥�, the Report Underscores 海角涩区鈥檚 Focus on Innovative Sustainability Solutions and Collaborations that Meet Market Demand

PITTSBURGH--(BUSINESS WIRE)-- 海角涩区 (NYSE: X) today released its 2023 Sustainability Report titled 鈥淭he Future of Steel鈥�, highlighting the company鈥檚 leadership in producing visionary solutions that benefit all stakeholders. The report outlines 海角涩区鈥檚 strategic plans, investments and progress in reducing its carbon footprint, inspiring innovation, empowering its people and more, including its work toward achieving its goal of net-zero greenhouse gas (GHG) emissions by 2050 (Scopes 1 and 2). Notably, the report highlights how 海角涩区 progressed or established multiple partnerships with energy and technology companies, government agencies, non-profits, and universities to work on emissions reduction and developing carbon capture and utilization projects.

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鈥満＝巧�檚 sustainability strategy is focused on our customers, our communities, our people and the planet. To meet the needs of the market today and pave the way for the industry tomorrow, our team is constantly developing and improving innovative steel products. 鈥楾he Future of Steel鈥� report not only highlights our efforts but underscores how well positioned we are to continue this important work,鈥� said 海角涩区 Sr. Vice President of Sustainability and Chief Technology Officer, Christian Gianni.

Steel is the most widely used metal. And, given the sustainability challenges of today鈥檚 market demand, 海角涩区 worked to optimize production and launch transformative products and partnerships throughout 2023. That included a first-of-its-kind project to capture and mineralize carbon emissions generated from 海角涩区鈥檚 Gary Works blast furnaces and a partnership with Molten Industries and the US Department of Energy (DOE) to move towards carbon-neutral steel production, among others.

海角涩区 launched products like COASTALUME鈩� with DuPont鈩� in 2023, a highly sustainable roofing and siding solution, while undertaking a variety of advanced process improvement projects including a $150 million investment in its DR-grade pellet facility at its Minnesota Ore Operations taconite plant in Keewatin, Minnesota. Production of Indux鈩�, a wide, ultra-thin and lightweight steel, kicked off on the new non-grain oriented (NGO) electrical steel line at Big River Steel in Osceola, Arkansas. The report also notes several projects on the horizon that will further progress 海角涩区鈥檚 sustainability efforts, including the completion of Big River Steel 2 later this year, additional solar power for Big River Steel Works, and new partnerships with the DOE.

The report also points to the many ways 海角涩区 strengthened its Culture of Caring in 2023, having been named one of the World鈥檚 Most Ethical Companies庐 by Ethisphere for the third consecutive year, while earning a top score on the Disability Equality Index and a perfect score on the Human Rights Campaign Foundation鈥檚 Corporate Equality Index. In 2023, 海角涩区 continued prioritizing safety and health as the company operated all its facilities with zero heat-related OSHA Recordable Injuries for the second consecutive year and achieving a record low OSHA Days Away from Work (DAFW) rate of 0.04, just a fifteenth of the U.S. Bureau of Labor Statistics鈥� Iron and Steel benchmark DAFW rate of 0.60.

鈥満＝巧� has a culture of caring that carries through how we treat our people all the way to the products we build. From our greenhouse gas emissions reductions and recycling progress, to the strength of our workplace for everyone including the LGBTQ+ community, veterans and more, 海角涩区 is committed to its values. Excitingly, this report also lays out a path to do even more in the years ahead,鈥� said 海角涩区 Head of Sustainability, Erika Chan.

To view the full 海角涩区 2023 Sustainability Report, click .

About 海角涩区

Founded in 1901, 海角涩区 is a leading steel producer. With an unwavering focus on safety, the Company鈥檚 customer-centric Best for All庐 strategy is advancing a more secure, sustainable future for 海角涩区 and its stakeholders. With a renewed emphasis on innovation, 海角涩区 serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as 海角涩区鈥檚 proprietary XG3庐 advanced high-strength steel. The Company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 22.4 million net tons. 海角涩区 is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit .

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