The circular economy concept is simple in its proposition: Create a regenerative system in which the use and waste of resources are minimized by re-using and re-manufacturing materials prior to recycling. Less simple is its implementation, which requires the global economy to redesign its processes and detach itself from the old linear model of take-make-dispose. These were the topics surrounding a conference organized by the World Steel Association (worldsteel) in Brussels with a spotlight on steel, circular and clean material by nature. S&P Global Platts discussed these topics with Dr. Edwin Basson, Director General at worldsteel. Basson’s experience in the steel sector started in 1994, when he joined Iscor Ltd. in South Africa as Chief Economist, leading strategic initiatives for the company in later years. He became General Manager for Marketing Strategy in 2004, after which ArcelorMittal acquired Iscor. From 2006, he acted as Vice President, Commercial Co-ordination, Marketing and Trade Policy at ArcelorMittal. Basson has been part of worldsteel since 2011 as Director General. 1. In the circular economy we are trying to produce sustainable materials that pollute less, how does steel compare with competing materials (i.e. aluminum)? I am going to expand your question to include other competitive… continue reading
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Source: CTRM Center