Steel recycling hits record in US

Steel recycling hits record in US

The US Steel Recycling Institute (SRI) announced that the US recycling rate for steel remained at 70.7% in 2004. However, total tons of steel recycled rose more than 7.2 million tons. This significant increase was driven by expanding market demand for steel. In US, more than 76 million tons of scrap steel recycled in 2004. This is the highest figure recorded in the US in over 25 years. The composition of the tons recycled in 2004 contains almost 35% more obsolete scrap than in 1980. This marks that the steel industry has become a more efficient user of raw materials.