U. S. Steel Releases Sustainability Report Emphasizing Progress

Rhea-AI Summary

United States Steel (NYSE: X) has released its 2023 Sustainability Report titled “The Future of Steel”, emphasizing innovation and collaboration to meet market demand. The report details U. S. Steel's progress towards its net-zero greenhouse gas emissions goal by 2050, highlighting partnerships with energy and technology companies, the Department of Energy, and non-profits. Notable initiatives include a carbon capture project at Gary Works, the development of COASTALUME™ roofing and siding with DuPont™, and a $150 million investment in the DR-grade pellet facility in Minnesota. Furthermore, U. S. Steel has been recognized for its ethical practices and workplace equality, achieving zero heat-related OSHA Recordable Injuries and a record-low OSHA DAFW rate of 0.04. The report outlines future projects like the completion of Big River Steel 2 and additional solar power installations.

Positive

• Progress towards net-zero GHG emissions by 2050.
• Partnerships with energy and technology companies and the DOE.
• Launch of sustainable products like COASTALUME™.
• Investment of $150 million in Minnesota's DR-grade pellet facility.
• Production of Indux™ on the new NGO electrical steel line.
• Recognition as one of the World’s Most Ethical Companies for three consecutive years.
• Perfect scores on Disability Equality Index and Corporate Equality Index.
• Zero heat-related OSHA Recordable Injuries for the second consecutive year.
• Record-low OSHA DAFW rate of 0.04.

Negative

• None.

Titled “The Future of Steel”, the Report Underscores U. S. Steel’s Focus on Innovative Sustainability Solutions and Collaborations that Meet Market Demand

PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) today released its 2023 Sustainability Report titled “The Future of Steel”, highlighting the company’s leadership in producing visionary solutions that benefit all stakeholders. The report outlines U. S. Steel’s 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 U. S. Steel 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.

“U. S. Steel’s 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. ‘The Future of Steel’ report not only highlights our efforts but underscores how well positioned we are to continue this important work,” said U. S. Steel 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’s market demand, U. S. Steel 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 U. S. Steel’s 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.

U. S. Steel launched products like COASTALUME™ with DuPont™ 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™, 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 U. S. Steel’s 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 U. S. Steel strengthened its Culture of Caring in 2023, having been named one of the World’s Most Ethical Companies® 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’s Corporate Equality Index. In 2023, U. S. Steel 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’ Iron and Steel benchmark DAFW rate of 0.60.

“U. S. Steel 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, U. S. Steel is committed to its values. Excitingly, this report also lays out a path to do even more in the years ahead,” said U. S. Steel Head of Sustainability, Erika Chan.

To view the full U. S. Steel 2023 Sustainability Report, click here.

About U. S. Steel

Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the Company’s customer-centric Best for All^® strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as U. S. Steel’s proprietary XG3^® 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. U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit www.ussteel.com.

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U. S. Steel Media Relations

T - (412) 433-1300

E - media@uss.com

Source: United States Steel Corporation

FAQ

What are U. S. Steel's goals for reducing greenhouse gas emissions?

U. S. Steel aims to achieve net-zero greenhouse gas emissions by 2050 for Scopes 1 and 2.

What partnerships has U. S. Steel formed to reduce emissions?

U. S. Steel has partnered with energy and technology companies, the Department of Energy, and non-profits to work on emissions reduction and carbon capture projects.

What new products has U. S. Steel launched in 2023?

In 2023, U. S. Steel launched COASTALUME™, a sustainable roofing and siding solution developed with DuPont™.

How much did U. S. Steel invest in its Minnesota DR-grade pellet facility?

U. S. Steel invested $150 million in its DR-grade pellet facility at the Keewatin, Minnesota taconite plant.

What safety milestones has U. S. Steel achieved in 2023?

U. S. Steel achieved zero heat-related OSHA Recordable Injuries for the second consecutive year and a record-low OSHA DAFW rate of 0.04.

What recognition has U. S. Steel received for its ethical practices?

U. S. Steel has been named one of the World’s Most Ethical Companies for three consecutive years and received top scores on the Disability Equality Index and Corporate Equality Index.

What future projects does U. S. Steel plan to complete?

Future projects include the completion of Big River Steel 2 and additional solar power installations at Big River Steel Works.