Following the recent ResponsibleSteel assessment, ArcelorMittal Luxembourg’s Belval, Differdange, and Rodange operations are investing in improving sustainability. The sites’ ResponsibleSteel certification has recently been renewed, Kallanish notes.
The Luxembourg long products division, which received certification three years ago, aims to recycle 100% of its byproducts by 2030 and is now developing 13 projects in response to the audit findings.
These include noise and vibration effect research on surrounding neighbours, as well as a new management strategy for the long-term recovery of waste and byproducts, and enhanced monitoring of their lifecycle.
“Once the [ResponsibleSteel] audit is completed, the sites receive a detailed report including points for improvement to accompany the certification … Since 2021, we have questioned and further improved our standards related to the environment, governance, and sustainability,” the steelmaker notes.
Earlier this year, ResponsibleSteel launched a new version of International Standard, 2.1, which strengthens the Progress Level requirements for responsible materials sourcing and climate change and greenhouse gas emissions. Steelmakers who meet the revised Progress Level requirements will for the first time be able to label and market their products as ResponsibleSteel certified (see Kallanish passim).
ArcelorMittal meanwhile announced its third-quarter sell-side analyst consensus figures based on analysts’ estimates provided by Visible Alpha, an independent entity. According to the forecast, the company’s Ebitda should reach $1.488 billion, with net income at $420 million.
Natalia Capra France
