We build circularity
Our goal: More than 90 percent circular
We will drive the shift to more circular business models and use of resources, finding ways to close loops and generate new revenue streams from the processes and materials we use.
In 2020, 82 percent of our steel produced was made from recycled material. Steel wear parts produced at our Svedala site in Sweden are made from 91 percent scrap. In our metalcutting operations, we initiated a program to identify packaging solutions based on non-fossil material. We began using recycled plastic around our stainless steel tubes. In our Rebuild program, we extend the lifecycle of mining equipment by refurbishing the entire unit at optimal intervals. In 2020, we did a number of Rebuild projects. Slag residue from our steelmaking process is being reused to make new products such as concrete blocks and asphalt. 18 of our production sites reported a 100 percent waste recovery rate.