Date: April 13, 2005
Source: News Room
The Steel Recycling Institute (www.recycle-steel.org) has announced that the recycling rate for steel remained constant at 70.7 percent in 2004. However, total tons of steel recycled increased by over 7.2 million tons. The 76 million tons of scrap steel recycled in 2004 was the most scrap recycled in more than 25 years. The composition of the tonnage recycled in 2004 contained almost 35 percent more obsolete scrap than in 1980, indicating the steel industry has become a more efficient user of raw materials.
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