The new edition of our BIR ferrous report "World Steel Recycling in Figures," which covers the five-year period between 2008 and 2012, highlights the importance of scrap as a global raw material for the world"s steelworks and foundries. Market developments in 2012 highlighted the global importance of scrap as an ecologically beneficial raw material for steelworks and foundries and at the same time underlined the need for a free world raw material market.