Deals Counterparts

BMW Group to source sustainable steel from Salzgitter AG

Supply Agreement Sustainable Steel announced Munich, Germany Aug 29, 2024

BMW Group will source sustainable steel from Salzgitter AG, reducing CO2 emissions in the steel production process. This agreement supports BMW's sustainability goals and promotes the use of environmentally friendly materials in vehicle manufacturing.

Source Intelligence

KEY DETAILS

BMW Group will supply its global production network with over one third of CO 2 -reduced steel from 2026. "Steel is one of the main sources of CO 2 emissions in our supply chain. That is why we are comprehensively reorganising our steel portfolio – so we can supply our global production network with over one third of CO 2 -reduced steel from 2026." The agreement with HBIS Group will supply the BMW Group plants in Shenyang with CO 2 -reduced steel from 2023. "In China, the BMW Group already signed an agreement in August with steel manufacturer HBIS Group, which will supply the BMW Group plants in Shenyang with CO 2 -reduced steel from 2023." The plan is to use the steel from Salzgitter AG in series production of cars at the BMW Group’s European plants from 2026 onwards. "The BMW Group has signed an agreement with Salzgitter AG for delivery of lower-CO 2 steel. The plan is to use the steel in series production of cars at the BMW Group’s European plants from 2026 onwards."

Location
Munich.
Announcement
15.11.2022
PARTIES MENTIONED IN SOURCE
B
BMW Group buyer

"The BMW Group is systematically pursuing its climate goals for the supplier network and significantly reducing the carbon footprint of its steel sourcing."

S
Salzgitter AG seller

"The BMW Group has signed an agreement with Salzgitter AG for delivery of lower-CO 2 steel."

S
Steel Dynamics (SDI) seller

"For the Americas region, agreements have already been reached with domestic steel producers Steel Dynamics (SDI) and Big River Steel, a U. S. Steel facility, to use renewable energy sources in their local steel production."

B
Big River Steel seller

"For the Americas region, agreements have already been reached with domestic steel producers Steel Dynamics (SDI) and Big River Steel, a U. S. Steel facility, to use renewable energy sources in their local steel production."

H
HBIS Group seller

"In China, the BMW Group already signed an agreement in August with steel manufacturer HBIS Group, which will supply the BMW Group plants in Shenyang with CO 2 -reduced steel from 2023."

H
H2 Green Steel seller

"The BMW Group already signed an agreement with Swedish startup H2 Green Steel in October of last year."

high quality Enriched Feb 19, 2026

Timeline

Announced
Aug 29, 2024
Signed
Closed
1 of 1 Sustainable Steel deals tracked this month · Updated daily

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