ZF and ArcelorMittal work together to decarbonise the automotive industry with low carbon-emissions steel

Friedrichshafen (Germany), 6 June 2024

ArcelorMittal, a worldwide leading steel and mining company, and ZF, the global company that supplies systems for passenger cars, commercial vehicles and industrial technology, are pleased to announce the signing of a memorandum of understanding that will contribute to moving the automotive industry towards a more sustainable future, thanks to the combination of ArcelorMittal’s XCarb^® recycled and renewably produced steel and ZF's manufacturing expertise. XCarb^® recycled and renewably produced steel is produced in an Electric Arc Furnace (EAF), using high levels of scrap and 100% renewable electricity for the EAF smelting process, backed by Guarantees of Origin in Europe and I-RECs (International Renewable Energy Certificates) for the rest of the world.

Today, ArcelorMittal manufactures bars and wire rods with decreased emissions of CO₂ at its plants in Hamburg and Warsaw, saving up to 80% of CO₂ emissions compared with products manufactured via the traditional blast furnace route. ArcelorMittal’s XCarb^® recycled and renewably produced bars and wire rods will be the input material for the components produced by ZF. This initiative is perfectly aligned with ZF's vision of sustainability and environmental responsibility. Together, the two companies will strive to help reduce the automotive industry's carbon footprint while improving product quality and performance.

Both companies share the same positive and constructive approach to sustainability and agree to work together on common climate projects aiming to reduce CO₂ emissions. These projects focus on the use of XCarb^® recycled and renewably produced solutions from ArcelorMittal, either with products already available on the market, or through other products which are still under development.

About ArcelorMittal's carbon neutrality ambitions

Committing to achieve carbon neutrality by 2050 and reducing CO2 emissions by 35% by 2030 in Europe, ArcelorMittal is at the forefront of innovation in low carbon-emissions steel production. Its XCarb^® initiative is designed to bring together ArcelorMittal’s products and steelmaking activities towards net-zero steel.

About ZF

ZF is a global technology company supplying advanced mobility products and systems for passenger cars, commercial vehicles and industrial technology. Its comprehensive product range is primarily aimed at vehicle manufacturers, mobility providers and start-up companies in the fields of transportation and mobility. ZF electrifies a wide range of vehicle types. With its products, the company contributes to reducing emissions, protecting the climate as well as enhancing safe mobility.