Steel for Packaging Recycled content – Approach and formula
There are just ten major steelmaking sites in Europe that manufacture hot-rolled strip for packaging steel.
Recycled steel packaging therefore is not solely introduced directly into the unique steel production process used for packaging, but used for a wide variety of steel products. Steel scrap is, for both environmental and economic reasons, taken to nearby steel plants (proximity principle). Every of the 200 steel plants in Europe is a recycling plant.
In nearly every phase of the market, there is a greater demand for steel scrap than there is supply. Steel scrap does not need to be artificially marketed by the steel for packaging industry.
That is why steel for packaging follows a model value approach for recycled content to demonstrate its circularity performance. Download the document to understand more about the approach, methodology and calculation.