Steel is at the centre of the circular economy. Steel is a permanent material – this is to say, it can be recovered and recycled endlessly, without losing its essential properties.
Steel production, use and recycling naturally follows a circular pattern, with steel products returning to the cycle once their service life has ended.
The large volumes of steel produced in Europe every year – 160 million tonnes – are made with large amounts of scrap steel. 56% of EU steel is made from scrap, with around 100 million tonnes of scrap steel recycled every year.
In 2020, the EU published a Circular Economy Action Plan. This Action Plan is an important step in developing a truly circular economy in Europe.
European Steel in Figures 2020 is EUROFER's statistical handbook, laying out in an easy-to-use format the key statistics and data about the performance and footprint of one of Europe's most important strategic sectors.
Brussels, 12 March 2020 – The European Steel Association (EUROFER) has greeted the release of the Circular Economy Action plan. The sector believes the Action Plan is an important step in developing a truly circular economy in Europe. However, it is missing incentives to keep valuable steel scrap within the EU, which undermines circularity and the EU’s climate objectives.
Sector coupling via lifecycle CO2 credits for the use of low CO2 steel as 'eco-innovations' in the automotive industry.