Since November, our company has also been sourcing and processing CO2-reduced steel coils from thyssenkrupp Steel, one of the leading manufacturers of carbon steel flat products. The two companies are thus expanding their strategic partnership towards a greener future in our industry.

This month, the first emission-reduced steel coils from thyssenkrupp Steel were delivered to the Niedax subsidiary Bandstahl-Service-Hagen. With this delivery, our company is increasing its own share of CO2-reduced steel within the Group to around 1,000 tons.

Parts of the stock of emission-reduced steel are already being supplied to other Niedax subsidiaries. Further quantities are also available for customers outside our core business. The environmentally friendly steel can be used in all steel-processing sectors in the future, for example in the automotive and construction industries.

The CO2-emission-reduced steel enables the Niedax Group to produce cable management systems for large infrastructure projects in its own steel service centers with a significantly more favorable carbon footprint. The savings from these projects can be passed on to customers via the steel supplied by thyssenkrupp Steel. The direct savings can be offset against the Niedax Group's Scope 3 emissions within its value chain in accordance with the GHG Protocol.

The CO2 emission savings of up to 64 percent achieved in thyssenkrupp Steel's production process have been independently verified by TÜV Süd.  For a 25-ton hot-dip galvanized coil, a CO2 saving of around 34 tons is achieved - comparable to the annual emissions of 25 cars.

Bruno Reufels, CEO of the Niedax Group, says:

"We are delighted to extend our existing cooperation with thyssenkrupp Steel. Both companies want to live up to their responsibility to operate more sustainably. We also want to play a pioneering role in the distribution of greener cable laying systems. By expanding our stock of CO2-reduced steel, we also want to support customers in the use of innovative and more environmentally friendly solutions in their projects outside of our core business."

Dr. Heike Denecke-Arnold, Chief Operations Officer of thyssenkrupp Steel, adds:

"We want to take a leading role in the green steel markets of the future and support customers worldwide in achieving their decarbonization goals. Both companies are determined to continue their efforts to reduce CO2 emissions and offer innovative solutions that meet the needs of their customers."

The production of emission-reduced steel is a central part of thyssenkrupp Steel's green transformation. The company has launched one of the world's largest industrial decarbonization projects, which will make it possible to avoid up to 3.5 million tons of CO2 per year in the future. Steel production is to be completely climate-neutral by 2045 at the latest.