ArcelorMittal S.A. North America will supply General Motors (GM) with XCarb(TM) recycled and renewably produced (RRP) steel, offering significantly reduced CO2 emissions compared to much of the carbon steel available in North America. Material will be supplied from ArcelorMittal Dofasco in Hamilton, Ontario and shipments are expected to begin during second quarter 2023. ArcelorMittal North American's XCarb(TM) RRP steel is made via the Electric Arc Furnace (EAF) route and contains a stated minimum of 70% scrap, with up to 90% scrap, and does not use carbon offsets to achieve the reduced carbon intensity.

XCarb(TM)RRP is a physical steel product. Its lower CO2 intensity has been independently verified with an accompanying Life Cycle Analysis (LCA) that includes Scope 1, 2 and 3 emissions. A confirmation letter verifies the electricity used in the steelmaking process is from renewable sources.

Currently, ArcelorMittal D ofasco is undergoing a transformation to reduce carbon emissions at that facility by approximately 60% by moving to a Direct Reduced Iron (DRI) fed Electric Arc Furnace (E AF) steelmaking process. ArcelorMittal is committed to reducing the carbon intensity of the steel it produces by 25% globally by 2030 and to achieving carbon neutrality by 2050.