Industry News Steel Recycling Reaches New Heights
Steel Recycling Reaches New Heights
The Steel Recycling Institute (SRI) announced that the overall steel recycling rate for the world’s, and America’s, most recycled material—steel—reached a record high of 83.3%. More than 82 million tons of domestic steel scrap was charged into furnaces, both in the United States and abroad, to make new steel. The steel recycling rates are for 2008. Steel recycling rates are compiled based on data from scrap processors, steel producers, the U.S. Geological Survey and the U.S. Environmental Protection Agency, which can take up to a year to compile. The first three quarters of 2008 marked high levels of production and scrap usage in the United States and that, along with a full-year of high levels of steel scrap exporting, contributed to these record numbers. These high levels of production drew upon record levels of steel scrap, as new steel is not made without steel scrap.
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