Circular Economy of Steel Recycling Companies in Thailand

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dc.contributor.authorTaghipour, Amirhossein
dc.contributor.authorAkkalatham, Wareerath
dc.date.accessioned2026-08-06T10:33:49Z
dc.date.available2026-08-06T10:33:49Z
dc.date.issued2021-11-01
dc.description.abstractThe new “circular economy” model would revolutionize the economy. It should also be noted that several business models will be needed to optimize their efficiency and overlap as the system evolves over its lifetime. The business model of the circular economy is based on the principle of “value creation” of the conventional economy. In this study, we interviewed 67 managers from the steel industry in Thailand. Statistically, 71.2% of respondents felt that steel consumers would be able to pay a higher price for clean goods. Also, 87% believe that governments must contribute to the development of the circular economy. They said that their group also organizes training activities for educating the workforce. Moreover, 80.1% indicated that their organization must inform management and workers of the value of the circular economy. Accordingly, 64.7% of respondents stated that there is no government funding for scrap metal recycling. Overall, 36.3% of people felt there was a shortage of scrap metal work.
dc.identifier.citationCircular Economy and Sustainability, 1(3), 907-913, 2021
dc.identifier.doi10.1007/s43615-021-00058-5
dc.identifier.issn2730597X
dc.identifier.other2-s2.0-85126537283
dc.identifier.urihttps://dspace.kmitl.ac.th/handle/123456789/12362
dc.sourceCircular Economy and Sustainability
dc.subjectCircular economy
dc.subjectDigital transformation
dc.subjectStakeholders
dc.subjectSteel industry
dc.subjectThailand
dc.titleCircular Economy of Steel Recycling Companies in Thailand
dc.typeArticle

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