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Swiss Steel cites scrap optimization in Europe

Scrap as primary raw material: Swiss Steel Group emphasizes its reliance on scrap metal as the primary raw material for steel production. This approach is more energy-efficient and produces less CO2 compared to traditional methods using iron ore.

Sourcing scrap locally: The company focuses on sourcing scrap from nearby yards within a relatively small radius, reducing transportation emissions and supporting local economies.

Collaboration with scrap dealers: Swiss Steel Group views scrap dealers as crucial partners, shifting from a simple price negotiation model to a more integrated system where dealers are compensated for quality and punctuality. This cooperation aims to improve scrap quality through a five-stage process maturity model.

Digital twin project: The company is involved in a research project to create a “digital twin” of incoming scrap in collaboration with scrap suppliers and universities. This project, funded by the Swiss government, utilizes big data to predict the type of scrap being delivered, enhancing efficiency and steel quality.

Response to media coverage: Swiss Steel’s portrayal of scrap-based EAF steel production as environmentally friendly could be a response to media coverage emphasizing alternative methods such as hydrogen-based steel production.

Viability of recycled-content EAF model: The company may be keen to highlight the viability and future prospects of its recycled-content EAF model, especially amid divestments and government funding initiatives for emissions reduction by competitors in Europe.

Overall, the excerpt showcases Swiss Steel Group’s efforts to innovate and position itself as a leader in environmentally sustainable steel production through the use of EAF technology and scrap metal recycling.

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