Our circular economy strategy

Whether processing scrap as a raw material, using slag in the cement industry, or extracting waste heat, the voestalpine Group as a whole is engaged in numerous activities which promote the circular economy. At all times, we comply with EU requirements and are guided by the national circular economy strategy and the demands of our customers.

The political, social, and economic environment as well as our strategic and operational goals require a holistic view of the circular economy on three levels:

• Circular economy from the external or stakeholder perspective and with respect to end products
• Circular economy from the internal perspective with respect to our products
• Circular economy from the internal perspective at the process level

At all three levels, our goal is to close loops and slow down cycles in order to conserve resources and secure the raw material supply, and ultimately to contribute to climate and environmental protection. Some of the ways we achieve this goal is by

• Using our own and third-party scrap
• Recycling products, such as repairing used turnouts
• Using renewable energy sources – Extracting and exploiting waste heat, e.g., at voestalpine Tubulars in Kindberg
• Using by-products such as blast furnace slag and steel mill dust for cement production or the zinc industry

In 2021 our recycling rate for iron was 27.3%. 24 kilograms of hazardous and 138 kilograms of non-hazardous waste were generated per ton of product. We are trying to continuously improve these figures while maintaining product quality.

Research and development (R&D) play a central role in promoting the circular economy. R&D is an important link between sustainability and our products and services. Its task is to identify and develop future and new circular economy potential in our companies and divisions. Key topics include the treatment and reuse of metallurgical by-products and optimizing scrap characterization. Our researchers are also intensively working on sensible CO₂ recycling.

Apart from sustainability concerns, the circular economy can also fulfill our profitability requirements as a publicly listed company, because maximizing the recycling and recovery of materials also offers an economic advantage.