Sensitivity of the Steel Sector to Economic Crises: Impact of the Covid-19 Crisis on Steel Production in Poland

2021 ◽  
pp. 27-41
Author(s):  
Bożena Gajdzik ◽  
Radoslaw Wolniak
Keyword(s):  
Steel Production ◽  
Economic Crises ◽  
Steel Sector

Chasing shadows: technology and socioeconomic barriers versus climate targets for iron and steel industry

2018 ◽  
Vol 1 (92) ◽  
pp. 33-40
Author(s):  
V. Shatokha
Keyword(s):  
Climate Change ◽  
Steel Industry ◽  
Climate Change Mitigation ◽  
Global Climate ◽  
Steel Production ◽  
Iron And Steel Industry ◽  
Iron And Steel ◽  
Best Available Technologies ◽  
Steel Sector ◽  
Change Mitigation

Purpose: To analyse the potential of various scenarios for reduction of carbon footprint of iron and steel sector and to reveal plausible pathways for modernisation. Design/methodology/approach: Several scenarios have been developed in order to assess the dynamics and extent of decarbonisation required to meet the global climate change mitigation target. This includes deployment of the best available technologies, increased share of secondary steel production route and deployment of innovative ironmaking technologies with various decarbonisation extent achieved in a variable timeframe. Findings: The window of opportunities to ensure compliance of steel sector development with climate goal still exists though shrinks. Modernisation shall include global deployment of best available technologies, increased share of secondary steel production and rapid deployment of innovative technologies including carbon capture and storage. Delayed modernisation will require much deeper decarbonisation, which will increase the total cost of mitigation. International policies shall be put in place to ensure availability of funding and to assist technology transfer. Short term transition strategies shall be employed as soon as possible for bridging long term climate change mitigation strategies and current state of the iron and steel industry worldwide. Research limitations/implications: Methodology applied takes into account the best available technologies and some novel ironmaking methods with the potential for commercialisation during the next decade; however, it is implied that the radically innovative iron- and steelmaking technologies with near-zero CO2 emissions will not be mature enough to deliver tangible impact on the sector’s carbon footprint before 2050. Practical implications: Obtained results can be helpful for definition of the modernisation strategies (both state-level and corporate) for the iron and steel industry. Originality/value: Dynamics and extent of decarbonisation required to meet global climate change mitigation targets have been revealed and the results can be valuable for assessment of the consistency of sectoral climate strategies with global targets.

scholarly journals A Research on Profitability and Dividend using Arima Model with Reference to Steel Sector

2019 ◽  
Vol 9 (1) ◽  
pp. 3309-3313
Keyword(s):  
Industrial Production ◽  
Steel Industry ◽  
Growth And Development ◽  
Arima Model ◽  
Steel Production ◽  
Domestic Demand ◽  
Iron And Steel Industry ◽  
Iron And Steel ◽  
Steel Sector ◽  
Monetary Control

In India Indian, Iron and Steel Industry plays significantly for the overall growth and development of the country. Based on the budget of Ministry of Steel declares that steel industry contributes 2% of the Indias GDP, and its weight is 6.2% in the Index of Industrial Production(IPP). The sector able to grow by itself globally. In India steel production in one Million Tones in 1947, now its become the world's 2nd largest producer next to China. India's GDP declines 5% in 2019 on account of rising Inflation, GST and strict monetary control. This medium made the domestic demand weeker which grew 3.3% in 2019, Despite the rise in last Quater

scholarly journals Reversão à Média com Tendência e Opções Reais na Siderurgia

2012 ◽  
Vol 10 (2) ◽  
pp. 215 ◽  
Author(s):  
Luiz De Magalhães Ozorio ◽  
Carlos De Lamare Bastian-Pinto ◽  
Tara Nanda Baidya ◽  
Luiz Eduardo Teixeira Brandão
Keyword(s):  
Steel Industry ◽  
Steel Production ◽  
Price Volatility ◽  
Mean Reversion ◽  
Economic Issues ◽  
Price Performance ◽  
Real Options Valuation ◽  
Equilibrium Level ◽  
Steel Sector

Steel is a commodity with significant price volatility and the choice of stochastic process that better describes its price performance is a fundamental issue in real options valuation in steel industry projects. As verified with other commodities, it is assumed that steel prices can be led partially by a mean reversion component, but the analysis of some economic issues related to production indicates that steel prices may also have a rising drift component. This, in practical terms, would increase the long term mean with time. This work presents a model that we call Mean Reversion with Drift (MRM-D), in which a deterministic tendency is attached to the long term equilibrium level in order to capture the increase of steel production marginal cost. It then evaluates the implications of using this model in valuation of steel sector projects.

Geographies of Growth, Decline and Restructuring

2007 ◽  
Vol 14 (1) ◽  
pp. 27-53 ◽  
Author(s):  
Michael Dunford ◽  
Lidia Greco
Keyword(s):  
Steel Industry ◽  
Local Development ◽  
Steel Production ◽  
Public Enterprises ◽  
The Public ◽  
Centre Of Gravity ◽  
Steel Making ◽  
Growth Decline ◽  
The Face ◽  
Steel Sector

This article deals with the recent evolution of the Italian steel industry and of steel-making activities in two localities in the Mezzogiorno. After providing an account of the rise and fall of the public steel sector in Italy and its role in shifting the industry’s centre of gravity to the South, it concentrates on a conceptually informed discussion of the remarkable rise of northern mini-mill operations and the subsequent acquisition by a few of these companies of the privatized public enterprises in the 1990s. Most attention is paid to two of the leading new companies (Lucchini and Riva) and to the trajectories of some of their steel-making activities in two localities in Basilicata and Apulia. The trajectories of these companies and localized steelmaking activities are themselves explained in the light of the resources and strategies of corporate actors and the context in which these actors operate. Actors’ strategies are driven by a quest for profits and a struggle to accumulate in the face of competition from rival producers, and are examined in relation to the economics of steel production in the Italian South, the processes of workforce recomposition in Taranto and the tensions between profitability and environmental protection. The context includes cyclical and secular trends in the consumption and production of steel, some of the aid and restructuring actions of the ECSC, some of the specific characteristics of accumulation and competition in the steel sector and the legacies of earlier phases of local development that helped shape actors’ strategies.

SECTORAL TARGETS TO ADDRESS COMPETITIVENESS — A CGE ANALYSIS WITH FOCUS ON THE GLOBAL STEEL SECTOR

2019 ◽  
Vol 10 (01) ◽  
pp. 1950001 ◽  
Author(s):  
VICKI DUSCHA ◽  
EVERETT B. PETERSON ◽  
JOACHIM SCHLEICH ◽  
KATJA SCHUMACHER
Keyword(s):  
Emissions Trading ◽  
Fossil Fuel ◽  
Steel Production ◽  
International Agreement ◽  
Trading Systems ◽  
Scrap Recycling ◽  
Steel Sector ◽  
Policy Simulations ◽  
Paris Climate Agreement

In the wake of the Paris Climate Agreement, countries may employ sectoral approaches. These allow for efficiency gains while at the same time addressing the concerns of competitiveness and carbon leakage. Applying a multi-country, multi-sector dynamic CGE model, this paper explores the role of sector emission targets for the steel sector in an international agreement, their interaction with emissions trading systems, and to which extent sector targets may address competitiveness concerns. To better reflect technological realities, the steel sector is disaggregated into its two main industries: primary fossil fuel-based steel production (BOF) and secondary scrap recycling steel production (EAF). The policy simulations suggest that sectoral targets may effectively counter the (negative) output and competitiveness effects of differences in the stringency of climate policy across countries. BOF steel contributes significantly more to emission reductions than EAF steel. Moreover, the output effects of BOF and EAF are of opposite signs.

scholarly journals Export and Import Performance of Steel in India

2019 ◽  
Vol 9 (2) ◽  
pp. 1292-1295
Keyword(s):  
Steel Production ◽  
Population Increase ◽  
Crude Steel ◽  
Finished Steel ◽  
Scope For Growth ◽  
Iron And Steel ◽  
Indian Industry ◽  
The World ◽  
The Usa ◽  
Steel Sector

Steel is crucial to the event of any fashionable economy and is taken into account the backbone of human civilization. At present, developing countries lead the expansion in world steel demand. India is presently the world's third largest producer of crude steel and is anticipated to become the largest producer of crude steel within the world before long. The country is additionally the third largest client of finished steel (83.5 Million Tonnes in 2016) within the world preceded by China (681 Million Tonnes in 2016) and also the USA (91.6 million tonnes in 2016. Steel occupies this position due to its skillfulness, strength and recyclability. The steel sector contributes to over two of the country's gross domestic product and employs around 25 lakhs utilized in steel/allied sectors. Between 2008 and 2011 India has recorded a growth of 29.2% in Steel production. Indian industry has been preponderantly serving domestic market. Consumption of steel in India is a smaller amount compared to alternative Asian steel majors specifically China, Japan, and Republic of Korea. Thus, the business has scope for growth in future. In recent times, India is that the contributor of four p.c to the world’s crude production and is anticipated to carry and retain its position in coming back years. The rapid climb of population, increase in urbanization still as increase in agricultural and industrial product together with sweetening of ordinary of living, give an honest scope for the event of Indian industry. Iron and Steel Exports stood at 7.606 million tonnes, a growth of 52.9% compared to 2016 and also the Imports stood at half dozen 0.097 million tonnes, a growth of 10.9% compared to the year 2016. This paper examines the export and import performance of Steel Industry from 2014-2015 to 2017-2018. The industry is mainly dominated by Tata Steel Ltd on the basis of overall competitiveness and financial and non - financial aspe cts of competitiveness.

scholarly journals Mapping Bio-CO2 and Wind Resources for Decarbonized Steel, E-Methanol and District Heat Production in the Bothnian Bay

Energies ◽  
2021 ◽  
Vol 14 (24) ◽  
pp. 8518
Author(s):  
Hannu Karjunen ◽  
Eero Inkeri ◽  
Tero Tynjälä
Keyword(s):  
Wind Power ◽  
Steel Production ◽  
Heat Pumps ◽  
Paper Mills ◽  
Heat Demand ◽  
Moderate Power ◽  
Steel Sector ◽  
The Baltic ◽  
Bothnian Bay ◽  
The City

Hydrogen is a versatile feedstock for various chemical and industrial processes, as well as an energy carrier. Dedicated hydrogen infrastructure is envisioned to conceptualize in hydrogen valleys, which link together the suppliers and consumers of hydrogen, heat, oxygen, and electricity. One potential hydrogen valley is the Bay of Bothnia, located in the northern part of the Baltic Sea between Finland and Sweden. The region is characterized as having excellent wind power potential, a strong forest cluster with numerous pulp and paper mills, and significant iron ore and steel production. The study investigates the hydrogen-related opportunities in the region, focusing on infrastructural requirements, flexibility, and co-operation of different sectors. The study found that local wind power capacity is rapidly increasing and will eventually enable the decarbonization of the steel sector in the area, along with moderate Power-to-X implementation. In such case, the heat obtained as a by-product from the electrolysis of hydrogen would greatly exceed the combined district heat demand of the major cities in the area. To completely fulfil its district heat demand, the city of Oulu was simulated to require 0.5–1.2 GW of electrolyser capacity, supported by heat pumps and optionally with heat storages.

scholarly journals Identification of Energy Efficiency Trends in the Context of the Development of Industry 4.0 Using the Polish Steel Sector as an Example

Energies ◽  
2020 ◽  
Vol 13 (11) ◽  
pp. 2867 ◽  
Author(s):  
Radosław Wolniak ◽  
Sebastian Saniuk ◽  
Sandra Grabowska ◽  
Bożena Gajdzik
Keyword(s):  
Energy Efficiency ◽  
Industry 4.0 ◽  
Global Economy ◽  
New Technologies ◽  
Research Question ◽  
Steel Production ◽  
Investment Policies ◽  
Improve Energy Efficiency ◽  
Steel Sector ◽  
Steel Market

The steel sector is crucial for the national economy of Poland and the global economy. In response to the challenges of the global steel market and the need to increase the sector’s competitiveness, a number of actions have been taken to increase the energy efficiency of steel production. Based on the synthesis of the literature and our own research, we describe the issues related to energy efficiency and the Industry 4.0 concept. The main aim of this paper is to identify energy efficiency trends in enterprises, especially those that focus on increasing the energy efficiency of production processes, and to make recommendations for investment policy for the Polish steel sector in the era of Industry 4.0. To achieve our goals and answer the research question, we used data from 2000–2019 for the Polish steel industry. The calculations and models in this paper were made by using Gretl software. Using direct research, an econometric model was built that verified the hypothesis regarding the relationship between investment in new technologies and the energy efficiency of steel production. Future investment policies should take the implementation of Industry 4.0 tools in the steel sector into account, which, according to the authors, will measurably improve energy efficiency.

Drying and heating of scrap metal at steelmaking: industrial safety, economics, ecology

2020 ◽  
Vol 76 (12) ◽  
pp. 1353-1258
Author(s):  
V. A. Spirin ◽  
V. E. Nikol’skii ◽  
D. V. Vokhmintsev ◽  
A. A. Moiseev ◽  
P. G. Smirnov ◽  
...  
Keyword(s):  
Energy Efficiency ◽  
High Efficiency ◽  
Steel Production ◽  
Scrap Metal ◽  
Industrial Safety ◽  
Technical Solution ◽  
Metal Charge ◽  
Basic Task ◽  
Scrap Heating ◽  
Winter Time

At steel production based on scrap metal utilization, the scrap heating before charging into a melting facility is an important way of energy efficiency increase and ecological parameters improving. In winter time scrap metal charging with ice inclusions into a metal melt can result in a considerable damage of equipment and even accidents. Therefore, scrap preliminary drying is necessary to provide industrial safety. It was shown, that in countries with warm and low-snow climate with no risk of scrap metal icing up during its transportation and storing in the open air, the basic task being solved at the scrap drying is an increase of energy efficiency of steelmaking. InRussiathe scrap metal drying first of all provides the safety of the process and next - energy saving. Existing technologies of scrap metal drying and heating considered, as well as advantages and drawbacks of technical solutions used at Russian steel plants. In winter time during scrap metal heating at conveyers (Consteel process) hot gases penetrate not effectively into its mass, the heat is not enough for evaporation of wetness in the metal charge. At scrap heating by the furnace gases, a problem of dioxines emissions elimination arises. Application of shaft heaters results in high efficiency of scrap heating. However, under conditions of Russian winter the upper scrap layers are not always heated higher 0 °С and after getting into a furnace bath the upper scrap layers cause periodical vapor explosions. The shaft heaters create optimal conditions for dioxines formation, which emit into atmosphere. It was shown, that accounting Russian economic and nature conditions, the metal charge drying and heating in modified charging buckets by the heat of burnt natural gas or other additional fuel is optimal. The proposed technical solution enables to burnt off organic impurities ecologically safely, to melt down ice, to evaporate the wetness in the scrap as well as to heat the charge as enough as the charging logistics enables it. The method was implemented at several Russian steel plants. Technical and economical indices of scrap metal drying in buckets under conditions of EAF-based shop, containing two furnaces ДСП-100, presented.

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