Steel and aluminum service center thyssenkrupp Materials Processing Europe has agreed to supply global automotive safety systems provider Autoliv with its low-carbon steel, bluemint, from the end of 2026, it said May 7.
The bluemint steel will be produced by thyssenkrupp Steel Europe from its planned direct reduction plant in Duisburg that is expected to start in 2027, with thyssenkrupp Materials Processing Europe processing the master coil into slit strip for just-in-time delivery to Autoliv.
thyssenkrupp said the agreement expanded the two companies’ existing steel supply collaboration to include low carbon steel.
“The plan underlines the long-term partnership between thyssenkrupp Materials Processing Europe and Autoliv: both companies are consistently pursuing their sustainability activities and have set themselves the goal of operating climate neutrally by 2030,” thyssenkrupp said.
Autoliv aims to achieve net-zero emissions across its entire supply chain by 2040, for which CO2-reduced and CO2-neutral materials are essential.
“The collaboration with thyssenkrupp Materials Processing will be a significant step in our aim to reduce greenhouse gas emissions in our products by utilizing low-emission steel and to achieve our goal of net-zero emissions across our supply chain by 2040,” Autoliv Global Raw-Material Area Director Cosmin Bakai said.
thyssenkrupp said it was starting the first joint projects with its bluemint CO2-reduced steel in 2024, with the aim of gradually increasing quantities over the next few years.
“We process the emission-reduced and emission-neutral materials steel, stainless steel and aluminum for our customers,” thyssenkrupp Materials Processing Europe CEO Marcus Wohl said.
This is the second low carbon steel supply agreement signed by Autoliv in a week. On April 30, it signed a supply agreement with Italian steel producer Acciaieria Arvedi for the delivery of its low-carbon steel product Arvzero.
Platts, part of S&P Global Commodity Insights, assessed domestic hot-rolled coil prices in Northern Europe at Eur635/mt ex-works Ruhr on May 3, down 8% since the start of 2024.
