The different activities described by the generic word "recycling" arepresented along with an evaluation of the benefits of recycling in terms of natural resources or energy savings and reduction of Green House Gas emissions. The detailed analysis is presented of steel recycling, by-product recycling and end of life consumer good recycling. The GHG emissions avoided because of sustainable steel recycling are evaluated from a long-term perspective. By-product recycling is also a major issue that has already been addressed with satisfactory results, as blast furnace slag is re-used in the cement industry. This exemplifies the cross-business recycling of by-products which has strong implications in terms of GHG emissions mitigation. Metal recovery is not yet as fully developed although a fairly satisfying solution is being implemented on the basis of the Rotary Hearth Furnace which separates iron from zinc with production of a DRI and concentration of zinc to a high enough level for direct use by zinc smelters. The future European regulations for consumer goods will require a high level of recyclability that will favour the design with metals instead of other materials such as plastics. Recycling is a complex, rich and fruitful concept that is popular today and will remain powerful in the future. It functions both in the market economy and in the regulatory world, with by-products being exchanged between production units within a business or between businesses of different crafts. Sustainable recycling generates a significant resource of iron units for the steel industry which, along with its partners in the recycling loop, has been a pioneer in the world of recycling.