Steel Recycling For a Sustainable Future

Steel Recycling For a Sustainable Future

According to the World Steel Association, roughly 88 percent of steel consumed in 2012 was recycled.

What is steel recycling?

Steel recycling is the process of converting scrap steel into new products. This is done to avoid discarding potentially useful resources, contamination of the air and water by minimizing the need for conventional trash disposal, reduction of greenhouse gas emissions, and use of virgin steel and energy.

Despite the abundance of iron and carbon, there isn't enough of either to meet fresh production demands. These finite resources must be safeguarded and preserved.

Categories of Steel Scrap

Steel scrap is available from a variety of sources, which are divided into three categories:

- Home Scrap,

- Prompt Scrap,

- Obsolete Scrap

Home scrap is created on-site at the mills and is deliverable in a couple of weeks.

Steel manufacture produces prompt scrap, which is ready within months.

Obsolete scrap is scrap made from steel items that have reached the end of their residual value. It can take decades for this scrap to be available.

Recycling is done to prevent the waste of potentially useful materials, and recycling steel decreases air and water pollution, as well as greenhouse gas emissions; it also reduces the consumption of virgin steel and saves energy that can be used to manufacture or process steel.

Recycling steel is always more economical than mining and processing virgin ore.

A steel plant that makes a new product out of scrap steel instead of virgin iron ore does not have to compromise on performance or grade. In reality, its manufacturing process is less harmful to the environment. This provides exceptional value to the customer.

Recycling has a number of distinct advantages:

1. Recycling leads to the preservation of landfill space and the regeneration of surface biodiversity lost during the extraction of fresh raw materials from the ground.

2. It prevents the loss of valuable resources. In the remanufacturing process, the metals produced from these secondary resources have a significantly less impact.

3. 100% recyclability is the mark of a sustainable industry.

4. Using secondary raw materials preserves natural resources that would otherwise be used to create newer metal complexes like iron ore in steel production.

5. According to EU data, utilizing recycled raw materials, such as metals, reduces CO2 emissions by 200 million tonnes each year.

As an organization, Madhav KRG Group is sustainability-first. We are led by our purpose of accelerating India’s growth by enabling Green Infrastructure.

The organisation heavily invests time into its CSR initiatives year-round. To know more about how we are working towards improving the quality of life of the communities, read here about our CSR initiatives https://www.madhavkrggroup.com/csr-initiatives.php

Source: https://eu-metal.be/steel-recycling-a-sustainable-future/