Natural resources management is one of the environmental policy priorities in steel industry. In the paper, attention was given to the potential of eco-effectiveness and circular economy concept for supporting decision-making related to the management of natural resources in steel production. In this paper was explored the eco-efficiency and eco-effectiveness for supporting production management. It was presented the importance and the role of circular economy and life cycle approach for systematizing the problems of natural resource depletion in steel industry. Circular economy and cradle-to-cradle approach are fundamental elements for establishing more sustainable steel.Keywords: Circular economy, eco-effectiveness, eco-efficiency, life cycle approach, steel industry
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