Latest news with #XCarb
South Wales Argus
25-04-2025
- Business
- South Wales Argus
Caerphilly's Nuaire cuts carbon emissions with steel switch
Nuaire, based in Caerphilly, has made the switch to XCarb low-carbon-emission steel, cutting carbon emissions from key products by 64 per cent in the first year. The products that will benefit from the transition to XCarb steel, developed by ArcelorMittal, Europe's largest steelmaker, include Nuaire's BPS air handling units and XBOXER XBC packaged heat recovery systems. Nuaire's engineering director, Alun Thomas, said: "Ventilation systems and other building services account for nearly a quarter of a building's embodied carbon. "This is a significant figure. "Transitioning to XCarb low carbon-emissions steel is one of a raft of measures we are taking to help our customers build in a more sustainable way — and hit their own carbon reduction goals." In 2024 alone, Nuaire removed 2,000 tonnes of carbon from its product portfolio by switching to recycled materials and refining designs. The organisation says that further changes are planned for 2025 in a drive to reduce carbon, improve sustainability, and continue to provide customers with quality, reliable ventilation solutions. Nuaire's move is backed by long-time steel partner Steelco and is in line with the net-zero goals of parent company Genuit Group. It is a key employer in South Wales and is committed to developing sustainable manufacturing as part of Wales' growing role in green innovation and advanced engineering. The company has said it is committed to helping fight climate change without compromising on performance. Visit to learn more about the company.
Reuters
06-02-2025
- Business
- Reuters
ArcelorMittal calls for stronger EU support for green steel
Feb 6 (Reuters) - ArcelorMittal on Thursday called on the European Union to tighten trade protections and increase support for green investments, as high costs and cheap Chinese imports threaten the bloc's steel industry. "The European steel industry is under significant pressure," CFO Genuino Christino told Reuters. "We face high costs, some imposed, and unfair competition from imports, directly or indirectly from China. The industry needs support." Europe's main steel industry group Eurofer has asked for a 50% cut in steel import quotas under the EU's safeguard system. "Imports have reached record levels in 2024," Christino said, noting imported flat products accounted for 27% of the market. ArcelorMittal last November paused parts of its European decarbonisation plan citing high energy costs, policy uncertainty and weak demand. "Although there is widespread interest from customers in low-carbon emissions steel, there is limited willingness among customers to pay premiums - and hence actually buy the steel as we only sell it at a premium," a company spokesperson said. Sales of ArcelorMittal's XCarb low-carbon emissions steel doubled in Europe last year, but the spokesperson said those levels were still low, with 400,000 tonnes sold against 28.7 million tonnes of regular steel shipped in Europe. Ahead of the company's annual results, KeyBanc analyst Philip Gibbs said ArcelorMittal may leverage the EU's Green Deal to secure funding for necessary upgrades to its less efficient European mills. Christino confirmed that government support would be key in ensuring the company can modernize its production while staying competitive. Last week, the European Commission announced, opens new tab a new "Steel and Metals Action Plan" aimed at streamlining or delaying certain Green Deal regulations while pledging to uphold EU climate goals, allowing companies to address their green investments capacities. The full plan will be presented in spring 2025.
