IDEAS home Printed from https://ideas.repec.org/p/oec/stiaac/169-en.html
   My bibliography  Save this paper

Circular economy policies for steel decarbonisation

Author

Listed:
  • OECD

Abstract

Circular economy strategies in the steel industry hold significant potential for reducing emissions by lowering demand and promoting secondary, low-emission steelmaking processes. Extending the “4R” framework—Reduce, Reuse, Remanufacture, and Recycle—could lead to a 20% reduction in global steel-related emissions by 2050 and relieve pressures on scrap markets that currently face regional imbalances and export restrictions. However, implementing these approaches is challenging due to limited policy focus on steel-specific circularity, quality issues in recycled materials and insufficient infrastructure for scrap management. Therefore, developing targeted policies that integrate circular economy principles in both upstream and downstream steel sectors is essential. Additionally, advanced technologies like blockchain and AI could support traceability and efficiency in scrap collection, boosting circularity and aligning with broader decarbonisation goals.

Suggested Citation

  • Oecd, 2024. "Circular economy policies for steel decarbonisation," OECD Science, Technology and Industry Policy Papers 169, OECD Publishing.
    • Handle: RePEc:oec:stiaac:169-en
    DOI: 10.1787/4cfb485d-en
    as

    Download full text from publisher

    File URL: https://doi.org/10.1787/4cfb485d-en
    Download Restriction: no
    File URL: https://libkey.io/10.1787/4cfb485d-en?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oec:stiaac:169-en. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/scoecfr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.