AISI Applauds DOE Industrial Decarbonization Initiative

WASHINGTON, D.C. -Department of Energy (DOE) Secretary Jennifer Granholm today announced $6 billion in funding for 33 projects to decarbonize energy-intensive industries, including iron and steel. She made the announcement this morning at American Iron and Steel Institute (AISI) member company Cleveland-Cliffs. Cleveland-Cliffs, and AISI member company SSAB Americas, have both been selected by DOE for award negotiations for innovative steelmaking technology projects they are developing. AISI President and CEO Kevin Dempsey today applauded the initiative, and the leadership of AISI member companies:

"Today's announcement by DOE is recognition of the leadership of the American steel industry in reducing greenhouse gas (GHG) emissions and producing the cleanest steel in the world. AISI member companies are developing innovative technologies to enhance steelmaking in the United States, where we already produce steel that is less GHG emissions-intensive than foreign steel. We are proud that AISI members Cleveland-Cliffs and SSAB Americas were selected today to partner with DOE to continue leading the way with revolutionary technologies. The American steel industry, and the manufacturing sector as a whole, have made significant investments in cleaner and more sustainable production processes. We look forward to working with the administration to implement these and other significant initiatives, enabled by the Bipartisan Infrastructure Law and the Inflation Reduction Act, to strengthen the production and use of clean American steel."

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Contact: Lisa Harrison

202.452.7115 / [email protected]

AISI serves as the voice of the American steel industry in the public policy arena and advances the case for steel in the marketplace as the preferred material of choice. AISI's membership is comprisedof integrated and electric arc furnace (EAF) steelmakers reflecting the production of both carbon and stainless steels which are critical to the everyday lives of all Americans - including national security, roads and bridges, the electrical grid, clean energy technologies and the automotive market. AISI also representsnearly 80associate members who are suppliers to or customers of the steel industry. For more news about steel and its applications, view AISI's website at www.steel.org. Follow AISI on Facebook, LinkedIn, Twitter(@AISISteel) or Instagram.