All steel is 100% recyclable without loss of quality. Obsolete scrap is derived from steel-containing goods at the end of their useful lives (a drinks can, a 15-year-old car, a 50-year-old building). Revert scrap (home scrap) is steel waste produced and recycled within a steelworks. New production scrap (prompt scrap) is generated when steel is cut and formed during the manufacturing of finished products or components. The scrap is returned to steelworks and foundries. (see also: HMS 1 & HMS 2, and busheling). See also: re-rollable scrap. And for more detail click and see wikipedia entry.
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