ESTAD 2023: Highlighting the Challenges and Opportunities for Steel Producers

18 Aug 2023, Industry 4.0, Energy, Technology

Efficient Heat Scheduling Combined with Energy Management in a Hybrid Steel Plant

26 Jun 2023, Energy, Sustainability, Technology

METEC is the world’s leading event for metallurgical technology. Held every four years, this year’s METEC, the 11th International Metallurgical Trade Fair, saw about 18,000 experts and key decision makers visiting the event. With exhibitors and visitors from various sectors in the industry, the recurring topics of discussions were unsurprisingly green steel and artificial intelligence.

Maximize Efficiency and Reliably Adapt Metals Production Schedules to Energy Availability (Part 2)

06 Jan 2023, Energy, Production

Government regulations and sustainability measures impose cost pressure on steelmakers but also drives the trend towards more efficient energy consumption. When it comes to efficiently managing energy consumption and scheduling production, steel producers face enormous challenges due to their complexity, requiring high level of expertise and big data. However, steelmakers can still reliably derive their energy consumption values and successfully adapt their production schedules to energy availability.

The Bigger Picture: Global Metals Market Trends and Outlook, 2023

15 Dec 2022, Artificial Intelligence, Technology, Sustainability, Energy

The metals industry has witnessed a rollercoaster year in 2022 with sudden increases and declines in prices and product demand. This was owing to several factors like inflation in the global economy, high-energy prices, increased interest rates, the US monetary tightening, China’s economic deceleration, the ripple effect of Russia’s invasion of Ukraine, supply chain constraint and low demand of metals products. These effects have continued towards the end of 2022. But what would the trend look like for the industry in 2023?

Maximizing Efficiency: How to Align Your Metals Production With Energy Consumption Forecast (Part 1)

09 Dec 2022, Energy, Production

Imagine a metals production plant where you can successfully predict your energy demand and adapt your production plans according to energy availability. To ensure grid stability requires proactive adaptation of the production from planning to execution, following signals from grid operators and from energy providers. This approach will further reduce energy costs and contribute in the transitioning to a pure renewable energy supply.