Sustainability in the Steel Industry

Sustainable development is intended to bring about a better quality of life for all people now and for the generations to come. It includes economic, environmental and social aspects in addition to comprising of stewardship which is using resources with careful management. As far as steel products are concerned, it helps in meeting a wide variety of societal requirements and as producers of steel, we at Melwire make it our responsibility to meet the ever growing needs of steel in the most sustainable manner. As a leading steel manufacturer in Sri Lanka, we face numerous challenges and take the required steps to address them, both on an individual level and as an industry as a whole.

 

What features make steel so distinctive?

 

There are many different types of steel that have evolved over the years to support food supply, housing and energy-delivery solutions to name a few. As an exceptionally versatile material, almost everything we use are made from or manufactured with steel. The combination of properties such as its strength, cost, ductility, availability and durability makes steel unique. Its properties can suit many product applications as well.

 

Re-usable, resilient and totally recyclable

 

The durability of steel makes it a sustainable material that could be used for many products ranging from automotive components and rail tracks to paper clips and many more. Steel products such as wind turbines can also be re-manufactured for re-use, making its durability a vital property in the sustainability of steel. Re-using and re-manufacturing can also increase the product life and restore an almost brand new condition, helping the industry to save on valuable resources.

 

The recyclability of steel is another helpful feature because once steel has been produced, its life cycle becomes practically endless. This is because steel is easy to recover by the use of magnets and recycling it will not cause any loss in quality. This makes steel a valuable permanent resource for the society so long as it’s recovered by the end of the product life cycle.  As the most recycled material in the world, all scraps from steel production is gathered and recycled into the production of steel and the high value of it brings about plenty of economic prospects in addition to environmental benefits.

Committed to shape a better future for Sri Lanka, we address the challenges faced on societal, economical and environmental levels. We promote to adaptation of the best industry practices and technological means in order to handle some of the pressing problems faced by our society. Development in technology has helped us in making many improvements in the energy efficiency of steel manufacturing. Because consumer behavior and product design can affect the environmental performance and total efficiency, we take the entire life cycle of steel production into consideration. We also invest heavily in development and state-of-the-art technologies. Steel also promotes creation of employment, thereby promoting economic value for the country as well.