While a high percentage of steel waste is recycled 60-70%, this amounts to than 5% of gross production. It is more complicated than this because the 2 billion

While a high percentage of steel waste is recycled 60-70%, this amounts to than 5% of gross production. It is more complicated than this because the 2 billion tons is for crude steel. Recycled steel is probably generally being used in more refined steel products wherein it likely makes up a much higher percentage.