World Steel Association launches new publication

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The World Steel Association (Worldsteel) has published Steel in the Circular Economy – A Life Cycle Perspective, which demonstrates the role that steel plays in delivering sustainability to the economy. The publication also calls for re-examining the regulations in all market sectors across every region.

Worldsteel says the 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 also contains case studies from around the world that show how sustainable efforts are being carried out on a practical basis.

Edwin Basson, Worldsteel’s director general, says, “In a world of finite resources we must leave the outdated ‘take, make, consume and dispose’ mentality behind and move toward a circular economy model for optimal resource efficiency.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.”

He adds, “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.”