Steel recycling hits all-time high

| Monday, Nov. 19, 2012, 4:16 p.m.

Steel recycling has hit an all-time high of 92 percent, with more than 85 million tons of scrap consumed by steelmaking furnaces in 2011.

That's an increase of nearly 10 million net tons from the 2010 level, the Steel Recycling Institute said Monday.

Steel is the most recycled material worldwide, said the Pittsburgh-based institute, part of the American Iron and Steel Institute.

Some rates by product: Auto recycling, 94.5 percent, after several years over 100 percent as more old cars were recycled than new ones were sold; appliances, 90 percent; and construction, 98 percent for plates and beams.

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