The Global Steel Climate Council (GSCC) today certified the first steel producer’s Corporate Average Steel Emissions Intensity (CASEI) base year emissions and Science-Based Emissions Targets (SBET). The SBET submitted by Indiana-based Steel Dynamics, Inc. (SDI), sets an ambitious goal of reducing emissions by more than 15% by 2030 for its hot rolled steel production.

“As GSCC steel producers begin to publish their interim and long-term emissions reduction targets, their ambition and commitment toward achieving the IEA’s 2050 net zero goal will accelerate. Our certification recognizes Steel Dynamics for its leadership on decarbonization and taking a forward-leaning approach to continue cutting emissions across the company.” Adina Renee Adler, Executive Director, GSCC

In the company’s submission for GSCC certification, which was independently verified by KERAMIDA, Inc., SDI uses a 2022 base year to calculate a CASEI of 0.94 metric tons of CO₂e per metric ton of hot rolled steel produced and set an interim SBET of 0.80 metric tons of CO₂e per metric ton of hot-rolled steel produced by 2030. SDI further set a long-term goal of 0.12 metric tons of CO₂e per metric ton of hot-rolled steel produced by 2050. In compliance with the GSCC Steel Climate Standard, SDI will self-declare a CASEI value annually and has already confirmed a 2023 CASEI of 0.85 metric tons of CO₂e per metric ton of hot-rolled steel produced.

“We are proud to announce our GSCC certified, science-based targets. As steel producers begin to establish and execute targets aligned with the GSCC standards, the actual reduction of greenhouse gas emissions will accelerate. Steel Dynamics is already a leader in producing lower-carbon emissions steel products. We plan to continue to address decarbonization issues and to play a leadership role in developing innovative ways to reduce our carbon impact.” Mark D. Millett, Founder, Chairman, and Chief Executive Officer of Steel Dynamics, a founding member-company of GSCC

Science-based emissions targets provide a pathway for companies to reduce greenhouse gas (GHG) emissions, helping prevent the worst impacts of climate change. Targets are considered “science-based” if they are in line with the latest climate science necessary to meet the goals of the Paris Agreement – limiting global warming to 1.5°C above pre-industrial levels.

The GSCC Steel Climate Standard, adopted in August 2023 as a global standard to measure and report steel carbon emissions, also provides a framework for members to seek third-party verified certification of the emissions intensity of facility-specific products and to self-audit these emissions yearly to demonstrate continuous decarbonization progress.

About Steel Dynamics, Inc.

Steel Dynamics is one of the largest domestic steel producers and metals recyclers in North America, based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico. Steel Dynamics produces steel products, including hot roll, cold roll, and coated sheet steel, structural steel beams and shapes, rail, engineered special-bar-quality steel, cold finished steel, merchant bar products, specialty steel sections, and steel joists and deck. In addition, the company produces liquid pig iron and processes and sells ferrous and nonferrous scrap.

About the Global Steel Climate Council

GSCC is a non-profit organization that leads efforts to reduce steel carbon emissions and encourages investments in lower-carbon emission technology as part of the global effort to decarbonize economies and societies. GSCC members are steel manufacturers, associations and other organizations in the steel supply chain that have a presence in 80+ countries around the world.

For more information, please visit GlobalSteelClimateCouncil.org.