The Steel Recycling Institute announced that the recycling rate for steel remained at 70.7 percent in 2004. However, total tons of steel recycled increased by more than 7.2 million tons. This dramatic increase, driven by an expanding market for steel, continues to position steel as the leader when it comes to recycling.
"Over 76 million tons of scrap steel recycled in 2004 was the most scrap recycled in the United States in over 25 years," said Bill Heenan, president of the Steel Recycling Institute. "But, more importantly, the composition of the tons recycled in 2004 contained almost 35 percent more obsolete scrap than in 1980," Heenan noted. "That's because as the steel industry has become a more efficient user of raw materials, it has increased the demand for post- consumer scrap, and the scrap industry continues to deliver end-of-life steel- dominated products back to the steel mills to be reborn into new products. The industry is now one of the largest consumers of recycled materials in the world. Truly, the American steel industry is forging a sustainable path to the benefit of future generations."
The SRI is an industry association that promotes and sustains the recycling of all steel products. The SRI educates the solid waste industry, government, business and ultimately the consumer about the benefits of steel's infinite recycling cycle.