Steel is a hero of the circular economy: Study estimates 85% of Aotearoa’s building and construction steel waste is recycled

In June 2021, HERA published its Steel Recycling Report that indicated an impressive 74% of scrap steel in New Zealand was recycled. The recycling of steel not only provides significant environmental benefits but also helps to secure the future of the steel industry. Recycled steel is cheaper and easier to produce (recycling steel saves almost 74% of the overall energy used in production), saves natural resources, and prevents excess greenhouse gas usage.