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VOL VIII ISSUE 05 NOVEMBER 2019
The lynchpin of a circular economy is the principle of “reduce, reuse, recycle”, on which also hinge some emerging steel technologies. Our cover story on pg 36 focuses on three disruptive technologies which take that defining leap to the next-gen innovation frontier where fossil fuel is not only being replaced with natural gases but also being recycled for producing eco-friendly materials on an industrial scale. One such technology is about growing microbes on BF gas residues to produce ethanol. Second is using hydrogen to replace fossils like coal to reduce iron, where the emission is water! Third is using low-grade iron ore fines, steam coal and oxygen to replace polluting BF gases with emission rates said to be lowest among pioneering steel technologies.
Around 30% of global steel production is via the EAF route but one issue plaguing the segment is early outflow of slag. Steel Innovation on pg 50 focuses on ways to tackle this problem.
Is Chhattisgarh experiencing saturation in its core sector? Is there a need for a vital push from a few key projects to take the state to the next level of development? Impact takes a look on pg 10. Intervista on pg 14 turns the spotlight on M.C. Thomas, Executive in Charge, FAMD, Tata Steel, who predicts ore supplies will not keep pace with the demand for ferro chrome. Hence, ore & alloys prices will remain high in the short, medium terms.
worldsteel revised upwards its October 2019 SRO for steel demand, but on the back of Chinese demand. Consumption is stagnating in developed economies while developing countries emit mixed signals. Read the full report on pg 18.
Plus, we focus on a lot more. Enjoy the read!
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*Steel 360 is a monthly magazine for Iron and Steel industry professionals. Each issue comes up with an exclusive Cover Story and insightful articles from the Industry.