PSI Blog

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?

Managing Digitalization and Complexity in Vehicle Depots

05 Dec 2022, Technology, Transport, Sustainability

For subsequent users to accept basic systems, the systems need to be made available quickly. This is the case in many IT systems that significantly impact corporate processes – including Depot Management Systems. Functional specifications can take many months to prepare and often are not widely understood. In many respects, a basic system can be the better way to go for system introduction in the long term.

Digitalization Enables Decarbonization of Steel Production

28 Nov 2022, Production, Technology, Energy, Sustainability, Artificial Intelligence

Steel plant’s operations are complex because all production steps are interdependent. This makes it challenging to simultaneously optimize production processes, save energy and comply with CO₂regulations while staying competitive with changing market demands. Steelmakers are investing in transformation to net-zero production, which needs to go hand-in-hand with process digitalization and innovating software systems for efficient production management of planning, scheduling and execution of processes.

Sustainable Steel Production – Let’s Pick the Low-Hanging Fruits

01 Apr 2022, Industry 4.0, Production, Technology, Sustainability

Steel is a vital material for a modern, industrialized economy and the backbone of global sustainable initiatives. But the steel industry is also one of the world's most energy-intensive industries. Steelmakers are increasingly making decarbonization of production their global priority. But you don't even have to reach deep into the Industry 4.0 toolbox to discover low-hanging fruits that can be implemented quickly and cost-effectively to improve production efficiency and thus contribute to decarbonization.

The Synthesis of Autonomous and Adaptive Scheduling - Smart Agents for Smart Production Planning

06 Oct 2021, Research, Industry 4.0, Production, Sustainability, Technology, Artificial Intelligence

Production planning is one of the most complex industrial challenges of the steel industry. To address this complexity, metals manufacturers have developed several IT solutions and business processes. However, in addition to complexity, the production process is systematically affected by unpredictable events. In most plants today, responding to production disruptions is a human decision made by operators - often leading to response time issues that can cause production downtime and additional costs. The smart agent technology provides a remedy.

PSI Blog

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

Managing Digitalization and Complexity in Vehicle Depots

Digitalization Enables Decarbonization of Steel Production

Sustainable Steel Production – Let’s Pick the Low-Hanging Fruits

The Synthesis of Autonomous and Adaptive Scheduling - Smart Agents for Smart Production Planning

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