Steel is the world champion in recycling and the circular economy. Approx. 70% of the steel ever produced is still in use! It can be sorted and then recycled so easily because it is magnetic. Circular economy saves a lot, especially CO2.
Circular economy means using, reusing and recycling products and materials, energy and resources, but also waste and residual materials sustainably and for as long as possible. This is particularly important for the steel industry, because steel mills have a lot of products, residual materials and energy.
As a material for plants, machines and tools, it makes environmental protection and the circular economy possible in the first place - for other materials and industries as well.