The recycling industry was borne of the need to recover and conserve valuable natural resources. The use of recycled materials reduces the strain on finite resources whilst consuming considerably less energy, when compared to production processes with virgin materials.
The rise in demand globally for scrap metal shows that manufacturers and producers throughout a variety of sectors are embracing recyclable metals in many products. This chain starts with the collaboration of recyclers providing a reliable source of materials to steel mills, metal refiners, foundries etc. Manufacturers in other sectors directly benefit from their use as it provides significant cost savings in the supply of the production materials that they require.
Currently, almost 40% of the world’s steel production is sourced from scrap materials. Recycling one tonne of steel saves over a tonne of iron ore, 630kg of coal and 642kWh of energy. This results in fewer pollutants and prevents this useful resource from ending up in landfill sites. Choosing to avoid ore material makes a large reduction in CO2 emissions possible, of nearly 60% and uses 75% less energy in the process*.