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.

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

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.

scholarly journals Global economy interacts with climate change to jeopardize species conservation: the case of the greater flamingo in the Mediterranean and West Africa

2011 ◽  
Vol 39 (1) ◽  
pp. 1-3 ◽  
Author(s):  
ARNAUD BÉCHET ◽  
MANUEL RENDÓN-MARTOS ◽  
MIGUEL ÁNGEL RENDÓN ◽  
JUAN AGUILAR AMAT ◽  
ALAN R. JOHNSON ◽  
...  
Keyword(s):  
Climate Change ◽  
Global Economy ◽  
World Economy ◽  
Species Conservation ◽  
Price Volatility ◽  
Economic Activities ◽  
Anthropogenic Habitats ◽  
Recent Financial Crisis ◽  
Economic Use

The conservation of many species depends on sustainable economic activities that shape their habitats. The economic use of these anthropogenic habitats may change quickly owing to world trade globalization, market reorientations, price volatility or shifts in subsidy policies. The recent financial crisis has produced a global impact on the world economy. How this may have affected the use of habitats beneficial to biodiversity has not yet been documented. However, consequences could be particularly acute for species sensitive to climate change, jeopardizing long-term conservation efforts.

scholarly journals ANALYSIS OF THE PROCESS OF IRON SAND PROCESSING INTO SPONGE IRON IN ORDER TO SUPPORT THE DEFENSE INDUSTRY OF STEEL RAW MATERIALS

2019 ◽  
Vol 9 (1) ◽  
pp. 1
Author(s):  
Sovian Aritonang ◽  
Jupriyanto Jupriyanto ◽  
Riyadi Juhana
Keyword(s):  
Steel Industry ◽  
Raw Materials ◽  
Steel Production ◽  
Sponge Iron ◽  
Steel Plates ◽  
Raw Material ◽  
Northern Coast ◽  
Shipping Industry ◽  
Iron Sponge ◽  
The Government

<p>The number of iron sand reserves is mostly spread in the coastal waters of Indonesia, from the coast of Sumatra, the southern of Java to Bali, the beaches of Sulawesi, beaches in East Nusa Tenggara (NTT), and the northern coast of Papua. Total reserves for ore are 173,810,612 tons and metal as much as 25,412,652.62 tons. But its utilization was not optimal because PT. Krakatau Steel, and PT. Krakatau Posco has produced steel plates only 24,000 to 36,000 tons per year. While the need for steel plates for the shipping industry each year requires 900,000 tons per year. With the need for raw material for steel plates in the form of iron sponges with Fe ≥ 60%, PT. Krakatau Steel is still imported from abroad. The proof is PT. Krakatau Steel before and during the year 2000 still imported Iron Ore Pellets from the countries of Sweden, Chille and Brazil for 3,500,000 tons per year. This condition is the cause of the national steel industry unable to compete with the foreign steel industry because imported raw materials are subject to import duties. This is an opportunity to build a steel raw material company because all this time the steel raw material industry in Indonesia has only two companies. This condition encourages the manufacture of iron sponges, with the process of making iron sponges with technology adapted to installed production capacity. This study analysed the manufacture of iron sponges using Cipatujah iron sand, as raw material for the manufacture of iron sponges, with the results obtained in the form of iron sponges with the highest levels of Fe ≥60.44%. This can be used for the purposes of raw materials for steel making PT. Krakatau Steel (PT. KS), because so far PT. KS claims that Fe &lt;60% local sponge iron products. This can encourage the independence of steel raw materials, which impacts on the independence of the defence industry. But the government must also protect and prioritize steel raw materials for national production for national steel production. With the national government steel industry, the consortium of vendors supplying raw material (iron sponge) to maintain the quality and supply of continuous sponge iron.</p><p><strong>Keywords</strong>: iron sand, iron pellet, iron sponge</p>

scholarly journals Granular Computing Concept based long-term prediction of Gas Tank Levels in Steel Industry

2014 ◽  
Vol 47 (3) ◽  
pp. 6105-6110 ◽  
Author(s):  
Zhongyang Han ◽  
Jun Zhao ◽  
Wei Wang ◽  
Ying Liu ◽  
Quanli Liu
Keyword(s):  
Steel Industry ◽  
Granular Computing ◽  
Term Prediction ◽  
Long Term Prediction

scholarly journals Doing It for Themselves: The Steel Company of Wales and the Study of American Industrial Productivity, 1945–1955

2016 ◽  
Vol 18 (1) ◽  
pp. 184-213 ◽  
Author(s):  
LOUISE MISKELL
Keyword(s):  
World War Ii ◽  
Steel Industry ◽  
Marshall Plan ◽  
Iron And Steel Industry ◽  
World War ◽  
Steel Company ◽  
Iron And Steel ◽  
Industrial Productivity ◽  
Steel Sector ◽  
Anglo American

This article examines the efforts of one British steel company to acquire knowledge about American industrial productivity in the first post-World War II decade. It argues that company information-gathering initiatives in this period were overshadowed by the work of the formal productivity missions of the Marshall Plan era. In particular, it compares the activities of the Steel Company of Wales with the Anglo-American Council on Productivity (AACP), whose iron and steel industry productivity team report was published in 1952. Based on evidence from its business records, this study shows that the Steel Company of Wales was undertaking its own international productivity investigations, which started earlier and were more extensive and differently focused from those of the AACP. It makes the case for viewing companies as active participants in the gathering and dissemination of productivity knowledge in Britain’s steel sector after 1945.

Capital-Flow Volatility and Economic Openness: A Wavelet Approach

2020 ◽  
Vol 66 (4) ◽  
pp. 291-318
Author(s):  
Mihai Mutascu ◽  
Scott W. Hegerty
Keyword(s):  
Emerging Markets ◽  
Developing Economies ◽  
Trade Openness ◽  
Price Volatility ◽  
Developed Countries ◽  
Capital Flow ◽  
Developed Economies ◽  
Oil Price Volatility ◽  
Real Gdp

The paper analyzes the interaction between capital-flow volatility and trade openness in five developed economies and four emerging markets by applying wavelet analysis over the period from 1990Q1 to 2017Q1. The main findings reveal that, in the medium term, capital-flow volatility drives trade openness in emerging markets and developing economies. Special attention should be paid to developed countries during the 2008 economic crisis, when trade exposure is shown to have had significant effects on capital-flow volatility. In the long term, the direction of comovement is rather idiosyncratic in our set of emerging markets and developing countries. Moreover, in both groups of countries, the intensity and persistence of relationships are very sensitive to the volatility of real GDP and secondary to geopolitical risk and oil-price volatility.

scholarly journals Pathways for Low-Carbon Transition of the Steel Industry—A Swedish Case Study

Energies ◽  
2020 ◽  
Vol 13 (15) ◽  
pp. 3840
Author(s):  
Alla Toktarova ◽  
Ida Karlsson ◽  
Johan Rootzén ◽  
Lisa Göransson ◽  
Mikael Odenberger ◽  
...  
Keyword(s):  
Blast Furnace ◽  
Co2 Emissions ◽  
Steel Industry ◽  
Carbon Capture ◽  
Direct Reduction ◽  
Carbon Capture And Storage ◽  
Steel Production ◽  
Mitigation Measures ◽  
Production Plant ◽  
Low Carbon

The concept of techno-economic pathways is used to investigate the potential implementation of CO2 abatement measures over time towards zero-emission steelmaking in Sweden. The following mitigation measures are investigated and combined in three pathways: top gas recycling blast furnace (TGRBF); carbon capture and storage (CCS); substitution of pulverized coal injection (PCI) with biomass; hydrogen direct reduction of iron ore (H-DR); and electric arc furnace (EAF), where fossil fuels are replaced with biomass. The results show that CCS in combination with biomass substitution in the blast furnace and a replacement primary steel production plant with EAF with biomass (Pathway 1) yield CO2 emission reductions of 83% in 2045 compared to CO2 emissions with current steel process configurations. Electrification of the primary steel production in terms of H-DR/EAF process (Pathway 2), could result in almost fossil-free steel production, and Sweden could achieve a 10% reduction in total CO2 emissions. Finally, (Pathway 3) we show that increased production of hot briquetted iron pellets (HBI), could lead to decarbonization of the steel industry outside Sweden, assuming that the exported HBI will be converted via EAF and the receiving country has a decarbonized power sector.

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