10,319.96 TRY BIST 100 BIST 100
34.99 EUR EUR EUR
32.25 USD USD USD
4.49 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
42.53 TRY Interest Interest
83.58 USD Fossil Oil Fossil Oil
29.64 USD Silver Silver
4.91 USD Copper Copper
117.33 USD Iron Ore Iron Ore
382.00 USD Ship Dismantling Ship Dismantling
2,467.82 TRY Gold (gr) Gold (gr)

Steel industry sees steel from shipbreaking as a strong alternative

Steel from ship recycling is seen as a strong alternative to steel produced by traditional methods because it is considered in the green steel category, reduces carbon footprint and is more durable. In Turkey, 93 percent of the steel obtained from shipbreaking is used.

Steel industry sees steel from shipbreaking as a strong alternative

Steel producers believe that steel obtained from shipbreaking can be of raw material quality if decarbonization methods are used in the recycling process.

Scrap metal obtained from shipbreaking and recycled under appropriate conditions contributes significantly to the green steel industry. As a result, the ship recycling industry has been producing approximately 7 million tons of metal scrap every year since 2011.

Only India has obtained 67 million tons of steel from ship recycling since 1982. India reuses 97% of the materials it obtains from ship dismantling. This rate is 95% for the Asian continent, and 93% for Turkey and Europe.

Steel obtained from shipbreaking is transformed into steel products to meet the needs of industries. Although these products reduce the demand for raw materials such as iron ore, coal, or other elements in the group such as nickel, molybdenum, manganese, titanium, boron, cobalt, or vanadium, which are necessary for steel production, recycled steel can be used in the production of heavy machinery, castings, tools, and construction materials.

Another advantage of using steel obtained from shipbreaking is that the particles in the steel recovered from ships provide high corrosion resistance, making it more durable and usable for many years compared to steel obtained through traditional methods.

In light of all these conditions, global steel producers see steel obtained from ship dismantling as a good alternative due to its lower environmental impact, reduced carbon footprint, reduced waste materials, contribution to green steel production, and the ability to obtain more durable products at lower costs compared to steel obtained through traditional methods.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Chinese automakers BYD and Chery in advanced talks for EV plants in Türkiye

Friday, May 17, 2024

Thyssenkrupp narrows losses and adapts to market challenges in Q2 2024

Friday, May 17, 2024

Talaat Moustafa Group unveils ambitious ‘Benan City’ project in Riyadh

Friday, May 17, 2024

German iron ore prices continue to decrease

Friday, May 17, 2024

BPISC is constructing a new iron ore processing plant

Thursday, May 16, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now