The process in the industry included; Induction Furnace for melting, Continuous casting, Reheating furnace, Rolling mill, Quenching, Finishing & Packing for commercial applications.
The raw materials include steel scrap from various industries and sponge iron
Few of my questions include;
1. Does reducing the size of scrap reduces the energy consumption required for melting?
2. Does quality of sponge iron or scrap have an effect on energy consumption?
3. Can heat be recovered from slag?
According to bcg.com, the steel industry faces increasing demand for real emissions reduction plans. Here are some potential opportunities for reducing GHG emissions from the steel industry, particularly those that are scrap-based:
These opportunities, however, come with challenges as they are enormously expensive and would hike the price of steel by as much as 50%. But the alternative will be increasingly costly as well.
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