Due to its inherent magnetism, steel is very easy to recycle; this is why it is the most recycled material in the world and the most sustainable material of the 21th century.
All the available scrap is recycled over and over again to create new steel. Recycled steel maintains the inherent properties of the original steel and the quality can also be improved on recycling.
Although all available steel scrap is recycled, there is not enough scrap available to meet demand for new steel products.
While many steel products such as packaging and vehicles have a short to medium service life, large-scale products (buildings, bridges..) are designed last for decades or even centuries. In the future all of these products will be recycled to meet our ever-growing need for steel.