Steel Recycling Insights

Steel is the most recycled material, with about 85-90% of end-of-life steel being collected and processed. However, despite this impressive recycling rate, recycled steel only accounts for a third of new steel production due to ongoing economic growth and the long lifespan of steel in durable goods. As countries develop and reach higher income levels, the demand for steel begins to saturate, leading to a significant decline in new production needs over time.