member news
Stainless Steel is a game changer in reducing carbon emissions In a ground-breaking effort to reshape the stainless steel production landscape, Cronimet, a global specialist in stainless steel scrap, ferroalloys, and primary metals recycling, is leading a sustainability revolution. This stems from the company’s innovative use of stainless steel scrap as a cost-effective and sustainable substitute for virgin prime material. Stainless steel scrap - defined as a secondary raw material containing essential elements like nickel and chrome - offers a more affordable alternative to traditional primary materials. Cronimet South Africa Director Bernard Maguire explains, “Traditionally, the primary reason for using stainless steel scrap was its cost advantage in the melting process. However, as the world grapples with serious CO2 emissions 15
Issue 3– 2023
issues and their long-term impact on the environment, we recognise the need for a paradigm shift.” Maguire also shares compelling statistics, emphasising that approximately 95% of all stainless steel scrap is reused, underscoring its crucial role in the circular economy’s effectiveness. Recycling stainless steel scrap also emerges as a powerful tool in mitigating environmental concerns,
