scholarly journals Industry 4.0 and Future of Korean Steel Sector

2021 ◽  
Vol 8 (1) ◽  
pp. 7-16
Author(s):  
Irene Chon ◽  
◽  
Kevin Kang ◽  
Luke Jun ◽  
Alex Eugene Han ◽  
...  
Keyword(s):  
Steel Industry ◽  
Industry 4.0 ◽  
Production Efficiency ◽  
Low Carbon ◽  
Production Chain ◽  
Economic Changes ◽  
Iron And Steel ◽  
Significant Acceleration ◽  
Fast Development ◽  
Steel Sector

Digitalization is a fundamental process that begun several decades ago, but which got a significant acceleration by Industry 4.0 and now directly affects all the process and industrial industries. It is anticipated to enable the Korean industry to improve its production efficiency and its sustainability. In particular, in the energy-intensive industries, such as the steel industry, digitalization concerns the application of the related technologies to the production processes, focusing on two main often overlapping directions: Advanced tools for the optimization of the production chain and specific technologies for low-carbon and sustainable production. Furthermore, the fast development of technology in the steel industry demands the continual updating of the skills of the industrial personnel. This article, the case study of Korean businesses, presents the backdrop of digitalization and several key concepts in the Korean iron and steel sector. The effect of digitalization on the steel sector personnel is examined along with the anticipated economic changes.

scholarly journals The Challenge of Digitalization in the Steel Sector

Metals ◽  
2020 ◽  
Vol 10 (2) ◽  
pp. 288 ◽  
Author(s):  
Teresa Annunziata Branca ◽  
Barbara Fornai ◽  
Valentina Colla ◽  
Maria Maddalena Murri ◽  
Eliana Streppa ◽  
...  
Keyword(s):  
Steel Industry ◽  
Production Efficiency ◽  
Rapid Evolution ◽  
Low Carbon ◽  
Production Chain ◽  
Iron And Steel ◽  
Steel Sector ◽  
European Industry ◽  
Economic Developments ◽  
The Impact

Digitalization represents a paramount process started some decades ago, but which received a strong acceleration by Industry 4.0 and now directly impacts all the process and manufacturing sectors. It is expected to allow the European industry to increase its production efficiency and its sustainability. In particular, in the energy-intensive industries, such as the steel industry, digitalization concerns the application of the related technologies to the production processes, focusing on two main often overlapping directions: Advanced tools for the optimization of the production chain and specific technologies for low-carbon and sustainable production. Furthermore, the rapid evolution of the technologies in the steel sector require the continuous update of the skills of the industrial workforce. The present review paper, resulting from a recent study developed inside a Blueprint European project, introduces the context of digitalization and some important definitions in both the European industry and the European iron and steel sector. The current technological transformation is depicted, and the main developments funded by European Research Programs are analyzed. Moreover, the impact of digitalization on the steel industry workforce are considered together with the foreseen economic developments.

Greenhouse gas emissions caused by global steel industry: the past, the present and the future

2021 ◽  
Vol 77 (8) ◽  
pp. 882-901
Author(s):  
I. A. Bashmakov
Keyword(s):  
Economic Growth ◽  
Greenhouse Gas Emissions ◽  
Greenhouse Gas ◽  
Steel Industry ◽  
Low Carbon ◽  
Gas Emissions ◽  
Iron And Steel ◽  
Carbon Neutrality ◽  
Ferrous Metals ◽  
Steel Sector

Measures aimed at the transition of the global iron and steel industry to carbon neutrality by 2050 or beyond are in the focus of scientific, business, and political circles of many countries. If this target is to be attained, it is important to understand how demand for ferrous metals will be evolving, and when and to what extent the sector can be modernized on the low carbon basis. The paper explores the possibility and conditions for the full-scale decarbonization of the global iron and steel sector, looks into current trends in the production of key products of steel industry and related greenhouse gas emissions; estimates the contributions of all the factors behind these trends in 1900‒2019. By analyzing the relations between the economic growth and ferrous metals consumption as “services‒materials stock‒materials flow‒environment” model, the paper shows that a mechanical extrapolation of the earlier trends to 2050 and beyond may result in erroneous conclusions about the sector’s development perspectives. The factors that will eventually ensure the decoupling, i.e. a dramatic weakening or a complete rupture of the connection between economic growth and steel demand. The paper provides an analysis of the iron and steel sector decarbonization perspectives and estimates the scale and intensity of the forthcoming technological change.

scholarly journals Current and future aspects of the digital transformation in the European Steel Industry

2020 ◽  
Vol 108 (5-6) ◽  
pp. 508 ◽  
Author(s):  
Teresa Annunziata Branca ◽  
Barbara Fornai ◽  
Valentina Colla ◽  
Maria Maddalena Murri ◽  
Eliana Streppa ◽  
...  
Keyword(s):  
Steel Industry ◽  
Industry 4.0 ◽  
Production Efficiency ◽  
Early Stage ◽  
Full Potential ◽  
The European Union ◽  
New Paradigm ◽  
Technological Transformation ◽  
Technological Developments ◽  
Steel Sector

The technological transformation in the European steel industry is driven by digitalization, which has the potential to strongly contribute to improving production efficiency and sustainability. The present paper describes part of the work developed in the early stage of the project entitled “Blueprint ‘New Skills Agenda Steel’: Industry-driven sustainable European Steel Skills Agenda and Strategy (ESSA)”, which is funded by the Erasmus Plus Programme of the European Union. The project aims at achieving an industry driven, sustainable and coordinated blueprint for addressing the economic, digital and technological developments, as well as increasing energy efficiency and environmental demands through continuously update of qualification, knowledge and skill profiles of the workforce. On the one hand, main aspects of the current state of the technological transformation in the steel sector are described through the analysis of the main recent innovation projects and developments. On the other hand, survey results from a dedicated questionnaire addressed to the European steel companies are analyzed, providing an overview on the (planned) technological transformation affecting the steel sector. The existing levels of plant automation and the possible adoption of the new paradigm of Industry 4.0 are discussed, by also considering the possible impact on the workforce. Main results are that the steel industry foresees an implementation of almost all Industry 4.0 technologies not only for competitive but also environmental improvement. Because this is foreseen in an incremental way upskilling of the existing workforce is a precondition, not only because of recruitment difficulties on the employment market but also because the existing qualification and experience of the workplace is necessary to unfold the full potential of digital and green transformation.

scholarly journals Does Emission Trading Improve Carbon Emission Efficiency of China’s Iron and Steel Industry? An Exploration Using a DEA-SBM and Difference-In-Differences Approach

2021 ◽  
Author(s):  
Xiping Wang ◽  
Sujing Wang
Keyword(s):  
Steel Industry ◽  
Carbon Emission ◽  
Emission Trading ◽  
Energy Structure ◽  
Iron And Steel Industry ◽  
Low Carbon ◽  
Difference In Differences ◽  
Iron And Steel ◽  
Emission Efficiency ◽  
The Impact

Abstract As an effective tool of carbon emission reduction, emission trading has been widely used in many countries. Since 2013, China implemented carbon emission trading in seven provinces and cities, with iron and steel industry included in the first batch of pilot industries. This study attempts to explore the policy effect of emission trading on iron and steel industry in order to provide data and theoretical support for the low-carbon development of iron and steel industry as well as the optimization of carbon market. With panel data of China’s 29 provinces from 2006 to 2017, this study adopted a DEA-SBM model to measure carbon emission efficiency of China’s iron and steel industry (CEI) and a difference-in-differences (DID) method to explore the impact of emission trading on CEI. Moreover, regional heterogeneity and influencing mechanisms were further investigated, respectively. The results indicate that: (1) China's emission trading has a significant and sustained effect on carbon abatement of iron and steel industry, increasing the annual average CEI by 12.6% in pilot provinces. (2) The policy effects are heterogeneous across diverse regions. Higher impacts are found in the western and eastern regions, whereas the central region is not significant. (3) Emission trading improves CEI by stimulating technology innovation, reducing energy intensity, and adjusting energy structure. (4) Economic level and industrial structure are negatively related to CEI, while environmental governance and openness degree have no obvious impacts. Finally, according to the results and conclusions, some specific suggestions are proposed.

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.

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

Ukraine’s commitments under Association Agreement: challenges and opportunities for the steel industry

2019 ◽  
Vol 107 (1) ◽  
pp. 108 ◽  
Author(s):  
Volodymyr Shatokha
Keyword(s):  
Steel Industry ◽  
Value Added ◽  
Global Scale ◽  
Association Agreement ◽  
Iron And Steel ◽  
Steel Output ◽  
Challenges And Opportunities ◽  
Steel Sector ◽  
Additional Costs ◽  
The Eu

The steel sector stands for a quarter of Ukraine’s industrial gross value added and is a backbone of the country’s economy. However, owing to lastingly insufficient investments to modernisation, the industry is largely obsolete: 70–80% of the production facilities are in operation beyond their final designed term of exploitation. Technology backwardness, coupled with excessive iron ore mining, results in an enormous environmental footprint. Owing to the domestic political and socioeconomic factors and severe competition on the global scale, the steel output hit its historic low in 2017. Recently, the EU became major Ukraine’s trade partner with steel export share of 32% in 2017. Modalities of this partnership will be gradually shaped in context of the EU-Ukraine Association Agreement (entered into force since 01.09.2017), which stipulates transposition into Ukrainian law of some European directives, potentially sensitive for the iron and steel sector. In this paper, the current state of Ukraine’s steel industry was analysed, focusing competitiveness and environmental impact. The analysis performed reveals that short-term implications of the Association Agreement may expose the Ukrainian steelmakers to additional costs; however, the need to comply with the EU regulations is seen as an important factor, motivating the steel industry to modernise and, in the long-term, improve its economic performance and reinforce competitiveness.

Pathways to a low-carbon iron and steel industry in the medium-term – the case of Germany

2017 ◽  
Vol 163 ◽  
pp. 84-98 ◽  
Author(s):  
Marlene Arens ◽  
Ernst Worrell ◽  
Wolfgang Eichhammer ◽  
Ali Hasanbeigi ◽  
Qi Zhang
Keyword(s):  
Steel Industry ◽  
Iron And Steel Industry ◽  
Low Carbon ◽  
Medium Term ◽  
Iron And Steel ◽  
Carbon Iron
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