Steel is one of the world’s most recycled materials, with nearly 40% of steel products on the market containing recycled material and 75% of steel products ever made still in use today. Although producing one tonne of steel today requires just 40% of the energy it did in 1960, the industry must adapt and look at alternative ways to reduce its energy consumption and carbon emissions.

As many countries across the world begin to ease lockdown restrictions following the impact of Covid-19, there are many questions concerning the effect this period of uncertainty will have on global economies. In a recent webinar titled “Economic Outlook for the Global Steel Industry” run by Steel University, Dr Edwin Basson, Director General of the World Steel Association, discussed the current and potential future impacts of this global crisis on the steel industry.