According to information released by Steel Recycling Institute last month, steel recycling reached an all time high of 83.3% in 2008.

The US Geological Survey and the US Environmental Protection Agency,
steel recycling rates are compiled based on data from scrap processors,
steel producers.

The first 3 quarters of 2008 marked high levels of production and scrap
usage in the United States and that, along with a full year of high
levels of steel scrap exporting, contributed to record numbers.

Mr Bill Heenan president of the Steel Recycling Institute said that
“Steel continues to be recycled at a higher volume than paper, plastic,
glass, copper and aluminum combined, and the steel can still holds the
distinction of being food’s and beverage’s most recycled container.”

Appliance recycling rates remained stable at 90% in 2008 as did
structural steel at 97.5%, while construction reinforcement steel
increased slightly to 70%. For every US ton of steel recycled, 2500
pounds of iron ore, 1400 pounds of coal and 120 pounds of limestone are
conserved.

Source: Recycle Steel

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