PSI Blog

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.

Global-Metal-Market-Trends-PSI Metals

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.

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 COregulations 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.