SALZGITTER AG (FRA:SZG) Salzgitter Aktiengesellschaft: Salzgitter AG delivers green strip steel to Mercedes-Benz AG

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22/07/2021 14:03

DGAP-News: Salzgitter Aktiengesellschaft / Key word(s): Product Launch
Salzgitter Aktiengesellschaft: Salzgitter AG delivers green strip steel to Mercedes-Benz AG

22.07.2021 / 14:03
The issuer is solely responsible for the content of this announcement.

Low CO2 steel grades for automotive serial production

Before the end of 2021, Salzgitter AG subsidiary Salzgitter Flachstahl GmbH will be delivering green strip steel products with a CO2 footprint reduced by more than 66% to four German plants of Mercedes-Benz AG.

The low CO2 steel grades are produced in Peine's mini mill in combination with the steelworks galvanizing plant in Salzgitter. These steel grades have met with strong interest from customers operating in range of different sectors.

Mercedes-Benz AG is the first automotive manufacturer that Salzgitter Flachstahl GmbH is supplying with CO2-reduced steel in the form of cold-rolled strip and galvanized sheet steel for serial production. The products will be used, among other things, for structural and body parts for various car models.

Many of our customers consider it important to take delivery of a real, physical reduced-CO2 product now rather than being satisfied with more or less theoretical CO2 footprint projections. Gunnar Groebler, Chief Executive Officer of Salzgitter AG: "Expanding our product portfolio to include green strip steel from the new low CO2 production route is a key component of our decarbonization strategy that we are already in the process of implementing today. Furthermore, we will be rigorously pursuing the path toward low CO2 steel production through SALCOS - SAlzgitter Low CO2-Steelmaking.

This fundamental transformation will enable us to completely replace conventional steel production in a series of defined steps through hydrogen-based processes.

This will enable us to achieve our mission of reducing CO2 by around 95%, thus avoiding 1% of Germany's current emissions."

As the first steel producer in Europe, Salzgitter AG has obtained conformity statements for its new green steel products in accordance with the VERIsteel standard of TÜV SÜD (German technical inspectorate). The process provides proof of product-specific CO2 emissions in steel production and flanks the process of decarbonization. The conformity statements confirm that switching the steel production process from the conventional blast furnace route to the electro-steel route achieves CO2 savings of between 66% and 75% depending on the final product delivered.

For more information: www.salzgitter-ag.com and www.salcos.salzgitter-ag.com


Markus Heidler

Head of Investor Relations

Salzgitter AG
Eisenhüttenstraße 99
38239 Salzgitter

Phone +49 5341 21-6105
Fax +49 5341 21-2570
E-Mail ir@salzgitter-ag.de

22.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language: English
Company: Salzgitter Aktiengesellschaft
Eisenhüttenstraße 99
38239 Salzgitter
Phone: +49 5341 21-01
Fax: +49 5341 21-2727
E-mail: info@salzgitter-ag.de
Internet: www.salzgitter-ag.de
ISIN: DE0006202005
WKN: 620200
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1220967

End of News DGAP News Service

1220967  22.07.2021