Industry News

In order to further reduce its carbon footprint, Bulten AB has signed an agreement with Dutch wire rod manufacturer, FNsteel B.V, giving it access to the most circular steel on the market for fastener production, as well as enabling the company to offer its customers a greener product option.

The greener wire rod is based on 60% – 80% recycled scrap from ‘end of life’ products and is made using fossil-free electricity. This can be compared to the most common scrap-based wire rod used in fastener production today, which is usually based on steel scrap from industrial manufacturing processes. 

With access to the unique wire rod, Bulten is able to take a critical step towards a product offering based on material with less than 300kg carbon dioxide per tonne of steel – a milestone on the way to carbon neutrality. 

Bulten’s agreement with FNsteel runs for three years and will have a major impact for Bulten when it comes to achieving its Scope 3 emissions target, which is to reduce emissions from suppliers by 25% per tonne of products sold by 2030. The wire rod will mainly be used to produce fasteners for the automotive industry at Bulten’s European plants. These currently account for the majority of the company’s global production volumes.

“This exciting collaboration allows end user customers to access a truly bespoke green product, which is ‘best in class’ from a carbon footprint perspective when compared to any alternative in the market,” says Matthijs van der Schoot, managing director at FNsteel.