VELUX Group Signs Long-term Agreement With ArcelorMittal to Supply Low Carbon-emission Steel

In 2023, VELUX Group and ArcelorMittal partnered to lower the carbon footprint of steel used in VELUX roof windows by up to 70% compared to conventionally produced steel.

This collaboration involved testing ArcelorMittal's XCarb® recycled and renewably produced steel for VELUX window hinges and installation brackets.

>> In Other News: OCI Global Announces Leadership Changes

The success of these tests has now culminated in a 10-year agreement, which outlines a framework for steel supply, with VELUX gradually increasing order intake. By 2025, several components of VELUX roof windows will use XCarb® instead of conventionally produced steel.

“Steel is an important material to ensure the strength and durability of our products,” says Jesús Villalba, Senior Director, Direct Procurement at VELUX Group. “We are pleased to be reducing its impact through this agreement, which proves that through co-engineering and collaboration with our suppliers, we can reduce our value chain emissions.”

Steel constitutes a major part of metals used by VELUX, accounting for 5.7% of the company's total scope 3 emissions. XCarb® steel is manufactured with at least 75% recycled content and powered by 100% renewable electricity.

It is produced at ArcelorMittal's facility in Northern Spain using an electric arc furnace. Both companies are exploring further reductions in the carbon footprint of the steel supplied to VELUX.

Laurent Plasman, CMO Industry, ArcelorMittal Europe – Flat Products, commented: “The long-term agreement between our companies sends a powerful message about the importance of steel in decarbonizing everyday materials. I thank VELUX for their partnership and leadership in committing to low-carbon-emission steel for their products.”

Steel is just one of several materials VELUX is working on with its suppliers to reduce the carbon footprint of its products. VELUX has a target of reducing scope 3 upstream emissions by 50% by 2030.

About the VELUX Group

For more than 80 years, VELUX Group has brought daylight and fresh air into homes, improving living environments worldwide. VELUX products include roof windows, modular skylights, blinds, sun screening products, and installation solutions. With operations in 37 countries and approximately 11,900 employees, VELUX Group is committed to creating energy-efficient, bright, and healthy living spaces. In 2023, VELUX had a revenue of EUR 2.91 billion, and its parent company, VKR Holding, reported EUR 3.97 billion in revenue.

For more information, visit VELUX.com.

About ArcelorMittal

ArcelorMittal is a global leader in integrated steel and mining, operating in 60 countries and with primary steelmaking operations in 15. In 2023, ArcelorMittal generated revenues of $68.3 billion and produced 58.1 million metric tonnes of crude steel. The company's focus is on producing innovative steels that use less energy, emit less carbon, and are recyclable, supporting renewable energy infrastructure as the world transitions to a low-carbon future.

For more information, visit ArcelorMittal.com.