In a statement, ArcelorMittal said that under memorandum of understanding (MoU) with Spanish flat steel distributor and processor Gonvarri Industries, the company will look to use ArcelorMittal’s XCarb reduced and low-carbon products and identify ways to strengthen the circular economy.

“With this (memorandum) signed today with our main supplier and partner, our companies create an enhanced framework to advance the decarbonization of our processes and those of our customers,” said Jon Riberas, Gonvarri Industries executive chairman. 

“We have a clear commitment with Gonvarri’s stakeholders and the society, making our different sectors’ activities and supply chains we are involved in more sustainable, focused permanently in how to add value to our customers, pursuing the support to their decarbonization targets too.”