Steel Markets
November 16, 2022
BMW to Source Low-Carbon Steel from SDI and Big River Steel
Written by Becca Moczygemba
The BMW Group is taking another step in its initiative to achieve its decarbonization goal. The German automaker announced CO2-reduced steel supply agreements with Steel Dynamics Inc. and US Steel’s Big River Steel on Nov. 15.
“Steel is one of the main sources of CO2 emissions in our supply chain. That is why we are comprehensively reorganising our steel portfolio – so we can supply our global production network with over one third of CO2-reduced steel from 2026. This will reduce the carbon footprint of our supply chain by 900,000 metric tons per year, while at the same time driving the transformation of the steel industry,” said Joachim Post, member of the Board of Management of BMW AG.
