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Key Findings

The quality of steel made from recycled scrap is on the rise even as carbon emissions from the process are poised to drop further with the continuing roll-out of renewable energy.

By adopting steel recycling, China would improve its resource security by reducing its reliance on Australia's iron ore and coking coal.

Investors are increasingly pressuring global steel companies to set out credible decarbonisation plans and these demands will only intensify. A significant trend that will lower emissions will be the expansion of scrap steel recycling.

Simon Nicholas

Simon Nicholas is IEEFA’s Lead Analyst for the global steel sector, as well as Asian seaborne thermal and coking coal markets.

Simon’s focus is on the energy transition, the long-term outlooks for coal and steel as well as the need for emerging nations to establish financially sustainable power systems to support their development.

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