Life Cycle Assessment (LCA) is important management tool for evaluation of the environmental impacts in whole life cycle of product or technology from the extraction of the raw materials to the end-of-life. In the paper, special attention is given to the role of LCA as a tool for natural resources management, environmental implications of critical raw materials evaluation and resources depletion assessment in the steel industry. It was presented environmental life cycle impact assessment methods and impact categories relevant to theassessment of natural resources in steel sector. Based on the own analysis, it was found that LCA can help optimize environmental performance connected with natural resource and critical raw materials management in steel industry.Keywords: natural resources management, steel industry, critical raw materials, life cycle assessment
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