Steel is one of the most recycled materials across the globe. According to the American Iron and Steel Institute, wholly 88% of all the world’s steel is recycled. It’s important that the global population continues this high level of steel recycling, as not doing so could have dire consequences for the environment.
In different parts of the world, however, some industries and countries aren’t taking care of their steel recycling as much as they should.
According to Recycling Today, China, once again, has been called on to lower its overall steel capacity.
Jean-Claude Juncker, president of the European Commission (EC) prompted China to cut its production and exportation of steel. Juncker announced China’s steel issues at the G20 Economic Summit Meeting in Hangzhou, China in early September.
The UK, however, compared to China, has seen a significant increase in its steel recycling over the last few months. Recycling International reports that in the first quarter of 2016, the UK recycled 84,785 tonnes of steel packaging and over the last few months, during the second quarter, the UL recycled 119,556 tonnes.
This increase means that 58.7% of the entire year’s steel demand has already been met. The uptick in recycling was largely due to a boost in steel exports.
Germany and Turkey
Even with the attempted military coup in Turkey, and the country’s social backlash, the Turkish steel production industry has been relatively unaffected. The only change came when Turkish steel manufacturers increased their prices in Germany in early August.
Euwid Recycling and Waste Managements reports that German demand from steel mills was much higher compared to the overall availability of the product.
Government and military steel suppliers and vendors are important for the recycling industry as well, because they work with galvanized steel banding companies and a lot of steel. All the excess steel the tools produce during the galvanized steel banding process should be recycled to help preserve the environment.
If you want to learn more about galvanized steel banding in the United States, contact Independent Metal Strap today for a free consultation!