The steel industry contributes 7%-8% of global carbon dioxide emissions. In January 2020, Nucor launched a $250 million electric arc furnace mill in Sedalia, Missouri, achieving zero Scope 2 emissions via a 75-megawatt power purchase agreement with Evergy Energy. Additionally, Scope 1 emissions were reduced by nearly 60% through the pre-heating of scrap steel with waste heat and an innovative micro mill technology.