As populations grow, so do cities. For the first time in human history, more people are living in cities than in rural areas, so it comes as no surprise that it has been estimated that world construction will increase by more than 70% by 2025. The question now is; how do you make construction more sustainable in order to support growth of this scale? Part of the answer is to build with steel.
Further to its durability, steel is 100% recyclable. More steel is recycled every day than any other material on the planet – and it can be recycled time and time again without losing any of the properties which make it perfect for use in construction.
Perhaps most important to the future of steel as an environmentally friendly material is the fact that the steel industry as a whole is highly sustainable and continues to innovate new ways of cutting its impact on the environment. Just weeks ago we reported that chemists at MIT have been working on a method of steel production which, when implemented, will cut the CO2 emissions of the industry dramatically – emissions which account for some 3% of all carbon output in the world.
Steel is clearly going to be instrumental for the global construction industry to keep up with demand and remain sustainable, and this is why construction continues to be a major contributing factor to market fluctuations and prices.