29 March 2023

ArcelorMittal Europe – Flat Products and Bamesa, an international leader in steel service centres (SSCs), have today signed a Memorandum of Understanding (MoU) that will strengthen both companies’ efforts to reduce CO₂ emissions as well as using XCarb^® solutions.

Yves Koeberle, CEO ArcelorMittal Europe – Flat Products, signed the MoU at Bamesa’s headquarters in Barcelona, Spain, on 29 March 2023. The MoU focusses on the two companies exploring ways of reducing scope 3 emissions – emissions attributed to purchased steel – as well as increasing and testing the use of recycled steel in low-carbon emissions products. It also commits both companies to increasing the proportion of XCarb^® products used in the supply chain for coils, every year between 2024 and 2030.  

The agreement with ArcelorMittal is part of Bamesa’s strategic plan to make it the leader in the environmental transformation of the sector, while providing sustainable solutions to their customers.

ArcelorMittal Europe – Flat Products has two XCarb^® products that are in use in the automotive sector, both XCarb^® green steel certificates – which are bought alongside a purchase of physical steel – and XCarb^® recycled and renewably produced, which is made with 100% renewable electricity and a high proportion of recycled steel. Since the launch of XCarb^® recycled and renewably produced in the Flat Products business last year, more grades have been added to the portfolio, meaning that XCarb^® steels can be used as a substrate for high-strength automotive parts.

About Bamesa

As a leading SSC and supplier to OEMs and stampers, Bamesa has a key role to play in the decarbonisation of the automotive supply chain. Bamesa has a presence in Spain, Portugal, France, Turkey, Romania, Morocco and the Czech Republic, operating 13 plants, and delivering just in time to customers including the automotive, appliances and construction sector.

ArcelorMittal and Bamesa have a number of joint venture steel service centre companies, in Morocco, Romania and Turkey.

About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 16 countries. In 2021, ArcelorMittal had revenues of $76.6 billion and crude steel production of 69.1 million metric tons, while iron ore production reached 50.9 million metric tons. Our purpose is to produce ever smarter steels that have a positive benefit for people and planet. Steels made using innovative processes, which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

About XCarb^®

XCarb^® is a trademark registered by ArcelorMittal that represents the clear path taken by the company towards the decarbonisation of the steel production process and the ambitious goal of zero emissions by 2050.

XCarb^® will ultimately bring together all of ArcelorMittal’s reduced, low and zero-carbon products and steelmaking activities, as well as wider initiatives and green innovation projects, into a single effort focused on achieving demonstrable progress towards carbon neutral steel.