Exhibit 2: Low-emissions steel demand in the US (million tons per year)

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Estimated 2030 low-emission steel demand; Low-emissions steel: Steel specific emissions commitments via corporate or buyers' alliance (e.g., FMC); Scope 3 emissions reduction: Corporate Scope 3 emissions targets; Total emissions reduction: Corporate emissions commitment (e.g., net-zero)

Source: RMI Analysis; company public reports; Mineral Commodities Summary, United States Geological Survey (2022); Zhu et al., Mapping the Annual Flow of Steel in the United States (2019); Steeling Demand: Mobilising buyers to bring net-zero steel to market before 2030, Mission Possible Partnership (2021)