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BlueScope Steel, along with other international steel companies, works to ensure steel is recycled and used again in the steelmaking process.
Steel is 100 per cent recyclable and enjoys high recycling rates in many countries around the world. A recent international survey of steel can recycling found an average recycling rate of 63 per cent, with some countries reporting rates of over 85 per cent. Almost all the steel used in the automotive industry is also recycled. According to the International Iron and Steel Institute (IISI), steel is the world's most recycled material.
Steel companies essentially recycle all the available old steel in the production of new steel. Because steel remains in use in its various applications (including cans, cars, houses and other buildings) for months to hundreds of years, there is not enough recycled steel to meet the rising worldwide demand. This demand is met through the combined use of recycled steel and new steel, produced from iron ore at integrated steelworks around the world.