Steel Dynamics, Inc’s Post

Steel Dynamics operates using a Circular Manufacturing Model. The five primary areas of our circular economy are: - Metals production - Metals manufacturing - External metals customers - Scrap collection - Metals recycling Learn more about how Steel Dynamics is intentionally sustainable in all we do: https://loom.ly/VQgR3o4 #SteelDynamics #FlatRoll #IntentionallySustainable #CircularManufacturingModel

"𝗦𝗰𝗿𝗮𝗽𝗶𝗻𝗴 𝗕𝘆" 𝗜𝘀𝗻'𝘁 𝗘𝗻𝗼𝘂𝗴𝗵: 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝗦𝘁𝗲𝗲𝗹'𝘀 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗖𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲 🔩🔄   In the green transition of the steel industry, scrap metal stands out not just as a resource, but as a necessity. Yet, a significant hurdle emerges: a projected scrap deficit by 2030.   💡 𝗖𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗖𝗼𝗺𝗽𝗼𝗻𝗲𝗻𝘁 𝗳𝗼𝗿 𝗮 𝗖𝗹𝗲𝗮𝗻𝗲𝗿 𝗙𝘂𝘁𝘂𝗿𝗲: Scrap's role is pivotal as the industry shifts towards more sustainable production. By 2030, it's expected to represent 50% of steel's global iron content, up from 35%. The catch: A looming 15 million metric ton shortfall in supply.   💡 𝗗𝗲𝗺𝗮𝗻𝗱 𝗢𝘂𝘁𝗽𝗮𝗰𝗶𝗻𝗴 𝗦𝘂𝗽𝗽𝗹𝘆: With scrap demand increase outpacing supply's, economic fluctuations and recycling challenges are amplifying the supply gap. This poses a particularly acute challenge for high-growth and high-import countries.   💡 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗜𝗺𝗽𝗲𝗿𝗮𝘁𝗶𝘃𝗲𝘀: The situation demands action. Steelmakers need to secure reliable scrap supplies, potentially by integrating scrap procurement closer to their operations. Scrap processors must innovate to enhance recycling efficiencies. Policymakers have a crucial role in fostering a supportive ecosystem for scrap recycling.   The sustainability of the steel industry is intrinsically linked to scrap. As we stand at this crossroad, exploring strategic solutions becomes imperative.   📰 For detailed insights and strategic directions, dive into the latest article (12min reading time) linked below by the amazing team Janice Lee, Nicole Voigt, Martin Feth, Gaurav Chhibbar   #Steel #Sustainability #Scrap 

Globally, steelmakers engage in joint ventures and initiatives to enhance processes and develop novel steel applications. Embracing a life cycle approach, steel producers prioritize efficiency, reuse, and recycling at every stage, reinforcing their dedication to sustainable practices. #SteelInnovation #SustainableSteel #EcoFriendlyProcesses #FutureOfSteel #SteelCollaboration #AdvancedMaterials #GTL #GlobalTradeLinks 

Steel is the most widely used material in the world, and it is 100% recyclable. 🦾 However, that does not mean that all steel is recycled. The SIJ Group transitioned to steel production based on circular economy principles four decades ago. 🌱🌍 ♻️ 𝗙𝗼𝗿 𝗺𝗼𝗿𝗲 𝘁𝗵𝗮𝗻 𝟯𝟬 𝘆𝗲𝗮𝗿𝘀, 𝗮𝗹𝗹 𝗼𝗳 𝗼𝘂𝗿 𝘀𝘁𝗲𝗲𝗹 𝗵𝗮𝘀 𝗯𝗲𝗲𝗻 𝗺𝗮𝗱𝗲 𝗳𝗿𝗼𝗺 𝗿𝗲𝗰𝘆𝗰𝗹𝗲𝗱 𝘀𝘁𝗲𝗲𝗹 𝘀𝗰𝗿𝗮𝗽, completely eliminating the need for iron ore. #SIJGroup #EarthDay #EarthDayEveryDay #SteelFacts #CircularEconomy #SustainableSteel #RecycleSteel #SteelRecycling #EnvironmentalResponsibility #ReduceEmissions Source & Inspiration World Steel Association (worldsteel)

The Global Metal Recycling Market Research Report reveals key trends and opportunities shaping the future of metal recycling. This gives a big opportunity to the businesses! Dive into the data and discover how global initiatives are driving innovation and sustainability in the industry. Stay ahead of the curve! Learn more on how Arham Alloy and Steel Private Limited is transforming the metal and steel recycling landscape. Contact us for the business opportunity in the growing market. 🌐www.arhamalloy.com  📞 Contact us: +91-9650485980  📧contact@arhamalloy.com #ArhamAlloy #MetalRecycling #MarketResearch #Sustainability #RecyclingTrends #EcoInnovation #IndustryInsights #GlobalMarket #GreenTechnology #RecyclingSolutions #WasteReduction

Have you been following our posts lately? Well, then you know how important scrap is to us! But how to ensure the availability of scrap? We work with a multifaceted approach to optimize the use of scrap in steel production. 💡 Closing loops with customers: In an innovative move to close the material loop, we have established programs to retrieve scrap from our customers. 💡 Partnerships with recycling companies: Recognizing the importance of external scrap sources, we have formed numerous partnerships and some strategic alliances with scrap collection and recycling companies. 💡 Diverse scrap utilization: We can use a wide variety of metal scraps in our manufacturing process. We focus on identifying and utilizing scrap types that maximize the recycled content in our products, thereby reducing our overall carbon emissions. 💡 Maximizing internal scrap usage: We prioritize the utilization of internal scrap resources in our production processes, thereby enhancing the efficiency and sustainability of our operations. Another key area of our expertise is the meticulous sorting of scrap, enabling us to optimize alloy utilization. This, in turn, contributes to reducing our Scope 3 footprint. #scrap #steel #closingloops #recycling #steelproduction

Is the steel plate market ready for a sustainable revolution? With global emphasis on sustainability and reducing carbon footprints, the steel industry stands at a pivotal crossroads. Traditional steel manufacturing is notoriously energy-intensive and environmentally impactful, but innovations in steel plate production are charting a new course towards eco-friendliness. From utilising recycled materials to employing cleaner, more efficient production technologies, the industry is undergoing a green transformation. This not only aligns with global environmental goals but also opens up new markets and opportunities for forward-thinking companies. This seismic shift towards sustainability doesn't just mean cleaner air and less waste; it represents a significant competitive advantage. Companies that embrace these innovations can not only reduce their operational costs over time but also enhance their brand image as leaders in environmental responsibility. As we look to the future, it's clear that sustainable practices will be more than just a compliance requirement—they'll be a cornerstone of success in the global marketplace. So, I put it to you: Is your company ready to lead the charge in this new era of steel plate manufacturing? The path to sustainability offers both challenges and immense opportunities—let's explore how we can navigate it together for a greener, more prosperous future. #sustainability #puresteel

“I think, over the medium- to long-term, there’s so much capacity coming on, especially from the EAF [electric arc furnace] side, that there’s going to be a shortage of scrap. I think this year overall we’re going to trend higher.” “The most exciting thing right now is increased capacity coming online,” Adams said. “Another mill being built or more capacity coming up. It shows there’s going to be a supply shortage with all that capacity coming online. We’re moving to more green steel, so it will require more scrap. It’s going to help scrap dealers and processors more than anything.” "Singh agreed that one exciting aspect is the increasing importance of scrap for mills as companies around the world transition to producing green steel products. “There’s growth in different markets, and this pull for scrap in different markets."

The growing demand and scarcity of recycled steel scrap: The demand for recycled steel scrap is growing faster than supply. This is because more steelmakers are switching to electric arc furnace (EAF) technology, which uses scrap metal, and existing steelmakers use more scrap in their steel-making processes. This trend is expected to continue, with EAF operations reaching over 40% of global steelmaking capacity by 2030. As a result of this shift, scrap metal is expected to make up half of the world's steel by 2030, compared to 35% today. This will create a global scrap deficit of 15 million metric tons by 2030, as major steel producers like China and the US use more scrap domestically. This trend will have a big impact on the #steelindustry . Steelmakers and #scrap metal suppliers must prepare for a future with less scrap available for trade. This will require understanding where scrap is located and developing strategies to secure supplies. Developing countries face additional challenges. Their recycling infrastructure is not well-developed, making collecting and sorting scrap metal efficiently difficult. Additionally, the cost of transporting scrap to steel mills can be too high, making recycling unprofitable. #recycle #greensteel Source: https://lnkd.in/gvBsGDuk

🌟 Revolutionizing Steel Production: How Grinding Technology is Cutting Carbon Footprints 🌟   In 2023, the steel industry emitted 2.8 billion tons of CO2, making up 8% of global direct emissions. As we move towards a net-zero future by 2050, decarbonizing steel production is crucial.   Saint-Gobain Abrasives offers more sustainable solutions to tackle this challenge. By surface conditioning semi-finished steel products, we remove defects and ensure quality standards are met. Traditionally, this is done with flame scarfers, but grinding has emerged as a more sustainable alternative. Not only does grinding reduce CO2 emissions by up to 80%, but it also saves costs and enables better control over the thickness of material removed!   Interested in learning more about the benefits of grinding over scarfing? 🔗 Click here https://lnkd.in/df4KAdRh Together, let's pave the way to a cleaner, more sustainable steel industry! ♻️💪 #SteelProduction #CarbonReduction #GrindingVsScarfing #Norton #makingtheworldabetterhome