EuRIC has published its position on the future of the European steel industry, calling for measures that promote the use of recycled steel to achieve both environmental and economic resilience.
EuRIC advocates for prioritising readily available, scalable, and cost-effective solutions to drive circularity. Recycling-based production methods, such as the Electric Arc Furnace (EAF), offer a proven pathway to reducing emissions by up to 95%—at a fraction of the cost compared to the direct reduced iron (DRI) process. Unlike DRI, which depends on the advancement of green hydrogen infrastructure, EAF leverages recycled steel to deliver immediate and impactful environmental benefits.
Source: full EuRIC position paper and press release available here
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