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Summary of Report
IRON AND STEEL PROCESSING
Iron is an element while steel is an alloy comprising of iron and carbon.
Steel is an alloy of iron containing from 0.02% and 2.11% carbon by weight
Often includes other alloying elements: nickel, manganese, chromium, and molybdenum
Steel alloys can be grouped into four categories:
1.Plain carbon steels
2.Low alloy steels
3.Stainless steels
4.Tool steels
Steel production
When iron is smelted from its ore by commercial processes, it contains more carbon
than is desirable. To become steel, it must be melted and reprocessed to reduce the carbon
to the correct amount, at which point other elements can be added. This liquid is then
continuously cast into long slabs or cast into ingots. Approximately 96% of steel is
continuously cast, while only 4% is produced as ingots.
The ingots are then heated in a soaking pit and hot rolled into slabs, blooms, or
billets. Slabs are hot or cold rolled into sheet metal or plates. Billets are hot or cold rolled
into bars, rods, and wire. Blooms are hot or cold rolled into structural steel, such as Ibeams and rails. In modern steel mills these processes often occur in one assembly line,
with ore coming in and finished steel coming out.
Casting involves pouring liquid metal into a mold, which contains a hollow cavity of
the desired shape, and then allowing it to cool and solidify. The solidified part is also
known as a casting, which is ejected or broken out of the mold to complete the process
An ingot is a material, usually metal, that is cast into a shape suitable for further
processing. Non-metallic and semiconductor materials prepared in bulk form may also be
referred to as ingots, particularly when cast by mold based methods.
Primary steelmaking
Primary steelmaking involves converting liquid iron from a blast furnace and steel scrap
into steel via basic oxygen steelmaking or melting scrap steel and/or direct reduced iron
(DRI) in an electric arc furnace.
Secondary steelmaking
Secondary steelmaking involves refining of the crude steel before casting and the various
operations are normally carried out in ladles. In secondary metallurgy, alloying agents are
added, dissolved gases in the steel are lowered, inclusions are removed or altered
chemically to ensure that high-quality steel is produced after casting.
Steel industry
In 1980, there were more than 500,000 U.S. steelworkers. By 2000, the number of
steelworkers fell to 224,000.The economic boom in China and India has caused a massive
increase in the demand for steel in recent years. Between 2000 and 2005, world steel
demand increased by 6%. Since 2000, several Indian and Chinese steel firms have risen
to prominence like Tata Steel (which bought Corus Group in 2007), Shanghai Baosteel
Group Corporation and Shagang Group. ArcelorMittal is however the world's largest steel
producer.
In 2005, the British Geological Survey stated China was the top steel producer with about
one-third of the world share; Japan, Russia, and the US followed respectively.
In 2008, steel began trading as a commodity on the London Metal Exchange. At the end
of 2008, the steel industry faced a sharp downturn that led to many cut-backs.
The world steel industry peaked in 2007. That year, ThyssenKrupp spent $12 billion to
build the two most modern mills in the world, in Calvert, Alabama and Sepetiba, Rio de
Janeiro, Brazil. The worldwide Great Recession starting in 2008, however, sharply
lowered demand and new construction, and so prices fell. ThyssenKrupp lost $11 billion
on its two new plants, which sold steel below the cost of production. Finally in 2013,
ThyssenKrupp offered the plants for sale at under $4 billion.
ArcelorMittal timeline:
1976
Mr Lakshmi N Mittal establishes PT Ispat Indo (as greenfield steel project) in Indonesia.
1989
The company, as Caribbean Ispat, operates Iron and Steel Company of Trinidad and
Tobago (Iscott).
1994
Caribbean Ispat exercises its option to acquire Iscott.
1995
Ispat International Ltd and Ispat Shipping are set up in the UK
2012
ArcelorMittal sells 25% of its 75% stake of Baffinland Iron Mines Corporation and
becomes equal partners with Nunavut Iron Ore.
2013
ArcelorMittal enters into a 50/50 joint venture partnership with Nippon Steel &
Sumitomo Metal Corporation (NSSMC) to acquire 100% of ThyssenKrupp Steel USA
(TK Steel USA) from ThyssenKrupp for an agreed price of US$1,550 million. The
steel processing plant is situated in Calvert, Alabama, with a total capacity of 5.3 million
tonnes including hot rolling, cold rolling, coating and finishing lines.
Uses of steel
Iron and steel are used widely in the construction of roads, railways, other infrastructure,
appliances, and buildings. Most large modern structures, such as stadiums and
skyscrapers,bridges, and airports, are supported by a steel skeleton. Even those with a
concrete structure employ steel for reinforcing. In addition, it sees widespread use in
major
Other common applications include shipbuilding, pipelines, mining, offshore
construction,aerospace, white goods (e.g. washing machines), heavy equipment such as
bulldozers, office furniture, steel wool, tools, and armour in the form of personal vests or
vehicle armour (better known as rolled homogeneous armour in this role).