Swiss Steel Group clinches the first-ever Mireco Decarbonization Award for 2023, bestowed upon Deutsche Edelstahlwerke Specialty Steel GmbH & Co. KG, Siegen plant, a part of the Swiss Steel Group. By adopting circular raw materials from MIRECO and Horn & Co. Products in 2023, DEW achieved an impressive 10,000+ metric tons of CO₂ savings compared to using products solely made from new raw materials. The Siegen plant's strategic use of high-recycling refractory products plays a pivotal role in this accomplishment, showcasing Swiss Steel Group's commitment to a sustainable and low-carbon future.
In a historic moment, the Swiss Steel Group emerges as the inaugural winner of the Mireco Decarbonization Award for the year 2023. The prestigious accolade, presented by Mireco and Horn & Co. Products GmbH, recognizes the exceptional environmental commitment of companies actively contributing to decarbonization efforts. This year's recipient is Deutsche Edelstahlwerke Specialty Steel GmbH & Co. KG (DEW), specifically its Siegen plant.
The key to DEW's success lies in its adoption of circular raw materials (CRM) supplied by MIRECO and Horn & Co. Products in 2023. This innovative approach led to an outstanding achievement – a remarkable reduction of over 10,000 tons of CO₂. This significant reduction is in stark comparison to using equivalent products solely crafted from new raw materials. In the realm of steel production at MIRECO & Horn & Co. Products, this marked the highest CO₂ saving in 2023, considering Scope 3 emissions.
The Siegen plant's noteworthy achievement is attributed to the strategic use of refractory products boasting high recycling rates. Tailored to meet specific performance and requirements, these products showcase the versatility needed in different steel production environments. The Swiss Steel Group, already honored with the German Sustainability Award, continues to demonstrate unwavering dedication and substantial investment in lowering its own CO₂ footprint.
MIRECO's recycling concepts, rooted in the ZERO-Waste approach, play a pivotal role in generating circular raw materials. These materials predominantly serve two critical material streams: CRM for refractory materials and CRM for metallurgical applications. While MIRECO predominantly covers the metallurgical material flow, the material flow for refractory materials finds a reliable partner in Horn & Co. Products. Together, these material streams not only contribute to CO₂ savings but also enhance resilience by reducing dependency on overseas deliveries and mitigating landfill concerns.
The Swiss Steel Group's triumph in securing the Mireco Decarbonization Award reflects its unwavering commitment to sustainable practices and environmental stewardship. Deutsche Edelstahlwerke Specialty Steel GmbH & Co. KG's Siegen plant, under the Swiss Steel Group umbrella, stands out as a beacon of innovation by achieving a significant reduction of over 10,000 metric tons of CO₂ through the strategic adoption of circular raw materials. This accolade not only underscores the environmental leadership of Swiss Steel Group within the steel industry but also highlights the transformative impact of embracing circular economy principles.