Brussels, 25 February 2015 - The World Steel Association (worldsteel) today announced the launch of a new publication ‘Steel in the circular economy - A life cycle perspective’. It examines the critical role of steel in delivering true sustainability to our society and calls for a global rethink of regulations in all market sectors across every region.

This publication demonstrates how steel enables a sustainable society, through a circular economy, when the full life cycle of steel products is taken into account. It highlights the need for legislators and industry decision makers to take a full life cycle approach before making legislative or manufacturing material decisions. It contains case studies from around the world that show how this is being carried out on a practical basis.

Edwin Basson, Director General at worldsteel commented on the launch: “In a world of finite resources we must leave the outdated ‘take, make, consume and dispose’ mentality behind and move toward a circular economy model for optimal resource efficiency. To achieve this we need a life cycle approach that measures the social, economic and environmental impact of a product at each stage in its life cycle. We believe that life cycle thinking must become a key requirement for all manufacturing decisions going forward.”

“The steel industry is an integral part of the circular economy model. A circular economy promotes zero waste, a reduction in the amount of materials used, and encourages the reuse and recycling of materials. These are all fundamental advantages of using steel. Therefore, in a well-structured circular economy, steel has competitive advantages over other materials.”

Please login / register to post comments

news in steel

Rolling mill orders from AEMZ and NPZ

Two new High-productivity, High-quality and High-efficiency H3 rolling mills will be installed and put into operation in Russia during 2020.

SMS group to modernize gas cleaning systems at POSCO Gwangyang

SMS group, in cooperation with AERIX Co., Ltd., South Korea, has been commissioned to modernize the gas cleaning systems of the three BOF (Blast Oxygen Furnace) converters at the integrated steel mill of POSCO in Gwangyang, South Korea.

New opportunities for customers in Central and Eastern Europe

SSAB is providing new processing opportunities for customers to explore, with a laser cutting machine and state-of-the-art press brake featuring a patent pending bending technology. The new machines were presented during a unique event at the SSAB steel service center in Oborniki, Poland.

Aceros Arequipa orders steel mill and continuous billet caster

Corporación Aceros Arequipa S.A. (CAASA), based in Arequipa, Peru, has awarded SMS group an order covering the supply of mechatronic equipment for a new steel mill and a billet caster with six strands for its Pisco site.