SEATTLE (Scrap Monster): The Latin American Steel Association (ALACERO), in its latest position paper, claimed that steel produced in the region is one of the most sustainable on the entire planet.
The region’s steel production process is cleaner and emits fewer greenhouse gases into the atmosphere, when compared with most other continents. The global steel industry is responsible for approximately 7-9% of carbon dioxide emissions in the atmosphere. Also, Latin American share of total emissions of the industry does not exceed 2.8%.
Alejandro Wagner, Alacero’s Executive Director noted that steel is the only material that can be 100% recycled unlimitedly. By volume, steel recycling exceeds the combined volume of all paper and plastics recycled across the world, he said. The steel industry possess a material efficiency level of 98%, which implies that only around 2% of the products that originate from the manufacturing process goes unused.
The position paper targets to raise awareness about steel’s key role in ensuring a sustainable future. ALACERO expressed hope that concerted efforts by governments and all industry stakeholders could help it to achieve a low-carbon steel sector by 2050. Towards achieving this goal, it is fundamental to have a common approach of public policies, tools and programs.