Transformer Project’s Post

𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜𝐚𝐥 𝐒𝐭𝐞𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤 (𝟐𝟎𝟐𝟑-𝟐𝟎𝟑𝟎) 𝐁𝐮𝐲 𝐋𝐚𝐭𝐞𝐬𝐭 𝐄𝐝𝐢𝐭𝐢𝐨𝐧 𝐨𝐧 𝐄𝐥𝐞𝐜𝐭𝐫𝐢𝐜𝐚𝐥 𝐒𝐭𝐞𝐞𝐥 𝐌𝐚𝐫𝐤𝐞𝐭: https://lnkd.in/dQU6fc5p #Electricalsteel is a type of specialty steel produced to generate various magnetic properties, low amounts of core loss, and high permeability. It is used in the manufacture of the core of power transformers, inductors, and generators, among others. It is also known as #laminatesteel or #siliconsteel, as silicon is added to it. It is primarily used for lamination processes in the cores of electrical components. #Market_Growth_Drivers: Growing demand for Electric/Hybrid vehicles, Rapid industrialization and increasing building & construction sector, Supportive Government Policies & Regulations, The exponential Rise in the Power Distribution Network and Increasing Preference for High Horsepower and Speed to Ensure Efficient Performance in Racecars #Challenges: Some high-performance grades rely on rare earth elements like dysprosium, facing supply chain constraints and cost volatility. 𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬: Schneider Electric (France), ABB (Switzerland), Novolipetsk Steel (Russia), Voestalpine Stahl GmbH (Austria), POSCO (South Korea), AK Steel Corporation (United States), Nippon Steel & Sumitomo Metal Corporation (Japan), thyssenkrupp (Germany), JFE Steel Corporation (Japan), ArcelorMittal (Luxembourg), Cogent Power Limited (United Kingdom), Aperam (Luxembourg) and Baosteel Group Co. (China) · Gain Market Understanding · Identify Growth Opportunities · Analyze and Measure the Global Electrical Steel Market by Identifying Investment across various Industry Verticals · Understand the Trends that will drive Future Changes in Electrical Steel · Understand the Competitive Scenario o Track Right Markets o Identify the Right Verticals 𝐆𝐞𝐭 𝐚 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐇𝐞𝐫𝐞: https://lnkd.in/dxWaQDpN

The #Iron and #Steel sector represents 7% of the world energy consumption, and 7% of man-made GHG emissions. But it is also a pilar of countless #industrial activities: infrastructures, automotive, aeronautics, manufacturing... Based on the real example of ArcelorMittal , let's explore the 5️⃣keys to reducing energy consumption while maintaining the same levels of production and quality. ➡️ https://cutt.ly/yecNFxjp ⬅️ #steelindustry #steelmaking #foundry #foundries

What happens when two leading technology providers in the metals industry join forces, united by their passion for #sustainability and #innovation?   Our EAF Consteel® equipped with ABB’s electromagnetic stirrer Consteerrer® offers low operating costs, extremely reliable and safe operations, as well as superior quality steel, all the while contributing to #climateneutral steel production. To date, it’s the most sustainable, reliable, and safe electric arc furnace (#EAF) offering on the market whose remarkable productivity rivals that of fossil-fuelled blast furnaces.    “It was not so common to talk about sustainability in steel manufacturing in 2017,” says Andrea Grasselli, Head of the Proposal Department for EAFs and ladle furnaces. “But the two companies each had a proud history of constant technological development, so we put on the table this heritage, to squeeze the most from our experience, and in that moment, we started to talk about sustainability.”    “Our shared passion for innovation and belief in the importance of sustainability is what brought ABB and Tenova together but when I look back on my career it will be the team spirit of the people I remember most,” comments Zaeim M., Global Sales Manager Metallurgy Products, ABB. “I’m excited to see what more we can do together to increase efficiency and reduce the carbon footprint of steel production”.   Read all about it in Andrea Grasselli’s latest article here: https://lnkd.in/dQDyCdTP

🏭 Shaping the Future: Steel Processing in 2024 ⚙️ The steel processing market is evolving rapidly in 2024, driven by innovation and sustainability. From new alloys to advanced manufacturing techniques, the industry is seeing significant advancements that are enhancing efficiency and reducing environmental impact. https://lnkd.in/dJSVsih2 Recently, I toured a cutting-edge steel processing facility and was blown away by the integration of AI and automation. These technologies are optimizing production, minimizing waste, and ensuring higher quality outputs. The shift towards greener practices is also evident, with an emphasis on reducing carbon footprints through energy-efficient processes. Steel remains a cornerstone for the energy and power industry, providing essential materials for infrastructure and renewable energy projects. The ongoing innovations are not only meeting current demands but also paving the way for a more sustainable future. How do you see the steel processing market evolving? Share your thoughts in the comments below. Nachi-Fujikoshi., Daido Steel, Sandvik, Kennametal., Hudson Tool Steel Corporation, Erasteel, ArcelorMittal, Baosteel Group Co., POSCO, NIPPON STEEL & SUMITOMO METAL U.S.A., INC., JFE Holdings, Tata Steel, United States Steel Corporation, Angang Group Xinyang Iron & Steel Company, Ltd., Gerdau #SteelProcessing #Manufacturing #Sustainability #EnergyIndustry #Innovation #AI #Automation #GreenTech #IndustrialRevolution

Unlocking Success Stories: From Aerospace to Manufacturing, Energy to Utilities, Cement to Steel, and Paper, Arrelic Global's Reliability Centered Maintenance solutions are transforming industries. Discover how our RCM strategies are driving efficiency, reducing downtime, and optimizing operations. Elevate your reliability game today! #RCM #MaintenanceSolutions #IndustrySuccess #EfficiencyBoost #OptimizedOperations #DowntimeReduction #Reliability #ReliabilityFirst #Aerospace #Manufacturing #Energy #Utilities #Cement #Steel #Paper #Arrelic

Drawing on over 100 years of experience, ABB collaborates with metals producers, original equipment manufacturers (OEMs) and other suppliers to develop process specific and customized solutions that optimize production, improve quality and safety – while driving the transition to autonomous plants and a more circular economy. One of ABB's main focuses is bringing industry partners together, coming up with out-of-the-box thinking discussions; how can we collaborate? How can we support this new way you are trying to go in as a supplier? It is both an opportunity and a challenge to develop further and transform the industry’s business models, utilizing ABB’s electrification, automation and digital solutions for metals. Read the full article summarizing ABB’s webinar organized with Steel Times International Magazine, where I had the opportunity to discuss the journey to fossil-free steel with Thomas Hörnfeldt, SSAB and Ron Ashburn, AIST - Association for Iron & Steel Technology: https://lnkd.in/dP7_WZ8S Did you miss the webinar and are curious to learn about challenges steelmaking currently presents, global trends and technological innovations, and actions steel manufacturers can take to achieve a net zero carbon footprint? Watch the on demand webinar via the link in the comments. #Metals #Steelmaking #Sustainability #ABB #ProcessIndustries

𝗚𝗿𝗲𝗲𝗻 𝗦𝘁𝗲𝗲𝗹 𝗠𝗮𝗿𝗸𝗲𝘁 𝟮𝟬𝟮𝟰-𝟮𝟬𝟯𝟭. 𝗚𝗹𝗼𝗯𝗮𝗹 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 This comprehensive report offers a thorough analysis of the global Green Steel market, encompassing both quantitative and qualitative insights categorized by manufacturers, regions, countries, types, and applications. In response to the dynamic nature of the market, the report delves into competition dynamics, supply and demand trends, and key factors influencing changing demands across diverse markets. Detailed company profiles and product exemplars of selected competitors are presented, accompanied by market share estimates for leading players in 2024. The Green Steel market is segmented by type and application, and projections for the period 2024-2031 provide precise calculations and forecasts for consumption value in terms of volume and value within each segment. This analytical approach facilitates strategic business expansion by targeting specialized niche markets. 𝗧𝗼 𝗞𝗻𝗼𝘄 𝗙𝘂𝘁𝘂𝗿𝗲 𝗦𝗶𝘇𝗲 𝗮𝗻𝗱 𝗗𝗲𝗺𝗮𝗻𝗱 𝗼𝗳 𝗚𝗿𝗲𝗲𝗻 𝗦𝘁𝗲𝗲𝗹 𝗠𝗮𝗿𝗸𝗲𝘁. 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗥𝗲𝗽𝗼𝗿𝘁 𝗦𝗮𝗺𝗽𝗹𝗲 𝗣𝗗𝗙: https://lnkd.in/dRHv-jXx *𝗕𝘆 𝗧𝘆𝗽𝗲: Produced by Electric Arc Furnace (EAF), Produced by Molten Oxide Electrolysis (MOE) *𝗕𝘆 𝗔𝗽𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻: Buildings and Construction, Automotive and Transportation, Electronics, Manufacturing Equipment, Others (FMCG, Defense, etc.) *𝗕𝘆 𝗥𝗲𝗴𝗶𝗼𝗻: North America, Europe, Asia-Pacific, South America, Middle East & Africa *𝗕𝘆 𝗞𝗲𝘆 𝗣𝗹𝗮𝘆𝗲𝗿𝘀: Green Steel Group, H2 Green Steel, Deutsche Edelstahlwerke GmbH Stahlverarbeitung, Tata Steel, ArcelorMittal, Emirates Steel Arkan, Jindal Steel & Power Ltd., thyssenkrupp, China Baowu Steel Group #GreenSteel #SustainableMetals #EcoFriendlySteel #CleanSteel #RenewableMaterials #LowCarbonSteel #GreenTechnology #SteelIndustry #EnvironmentalImpact #SustainableManufacturing #ClimateFriendlySteel #GreenInnovation #CircularEconomy #CarbonNeutralMaterials #SteelProduction #CleanTech #GreenMarketAnalysis #EcoConsciousBusiness #RenewableResources #GlobalSteelTrends

The development direction of stainless steel materials in the future may include the following aspects: High-end product development: With the continuous expansion of domestic stainless steel applications, the demand for high-strength, corrosion-resistant, high-function products will increase. Stainless steel enterprises will vigorously enhance research and development and manufacturing capabilities, accelerate the development of key new processes and new technologies, and overcome key material production technologies to meet the needs of strategic industries such as nuclear power, military industry, and aerospace. Green and low-carbon development: the stainless steel industry will promote the full life cycle of carbon reduction, optimize energy use and process structure, improve the use of new energy and renewable energy, adjust the process structure, and apply breakthrough low-carbon technologies, such as hydrogen smelting, electrolytic reduction, to meet the global requirements for reducing carbon emissions. Intelligent manufacturing: The national industrial policy supports the intelligent and intelligent development of the steel industry, encourages the application of 5G, industrial Internet, artificial intelligence and other technologies in the steel industry, enhances the intelligent level of the whole industrial chain, and improves product quality and production efficiency. Industrial chain and supply chain security: The stainless steel industry will start to globalize the entire industrial chain layout of stainless steel, attach importance to the construction of industrial chain and supply chain, invest in the development of upstream and downstream resources, and build a long-term reliable raw material security system to meet the new challenges of international trade. Mergers and acquisitions and industrial concentration: Through the reorganization and integration of enterprises, the formation of leading enterprises, enhance industrial concentration, optimize the overall layout of the stainless steel Stainlesssteel #StainlessSteelColorCoatedSheetCoil  #StainlessSteelPipeTube #Automotive #Aerospace #Construction #LeavingStainlessMarkGlobally  #SunMarkStainless #recyclable  #greenerfuture  #steeltech  #corrosionresistant #stainlesssteelseamlesspipe  #stainlesssteelproducts

Magnetite is at the heart of the green steel revolution and its importance has caught the eye of Canberra. During a recent trip to South Australia, the PM recognised the opportunity created by SA's abundant magnetite reserves: "... by being a part of the production of green steel, by taking advantage of the enormous opportunities that are here with high quality magnetite." Magnetite is the missing piece in the green steel puzzle. Low-impurity content makes it perfect for low-carbon steel production, paving the way for a future that doesn't cost the Earth. MGT is proud to be enabling the transition, unearthing the potential of #magnetite and fuelling Australia's #GreenSteel ambitions. #MGT #magnetite #greensteel #greeniron #renewableenergy #australia #southaustralia #futureofsteel #futureofiron #decarbonisation #climatechange #innovation