Increased use of scrap is a key component of ArcelorMittals strategy to lower CO2 emissions from primary steelmaking. The waterfall chart below illustrates the company’s route to netzero by 2050, and the interim 2030 targets of 25% globally and 35%
in Europe.
More details of the route to lower carbon primary steelmaking can be found in Climate Action Report 2 (CAR2) here and details of the acquisition here.

