General Energy Situation
Energy use accounts for about 20% to 40% of the total manufacturing cost of steel. Nearly half of the industry's energy is derived from coal, most of which is used to produce coke for use in the blast furnace. The steel industry’s appetite for energy has been reduced by more than 60% in the last two-and-a-half decades, thanks to the popularity of Electric Arc Furnace (EAF) production, as well as more scrap use in Basic Oxygen Furnace (BOFs). While the move to almost 100% continuous casting, and newer, more efficient EAFs contributed to further savings, further improvements in energy efficiency are anticipated as the industry improves yield and produces stronger and lighter steel.
- High volatility and rising energy prices
- Constant drive to make its processes as efficient as possible.
- Need to increase productivity and improve product quality
- Pressure to be more environmentally friendly.
Cendid offers unique solutions for Steel industry
CENDID’s experience with various iron and steel companies indicates that energy savings can be made even with relatively modest investments.
As a part of an energy assessment conducted by CENDID for a plant located in Western Europe, several energy efficiency measures were recommended. The most important of which was optimising the drive for the cold rolling mill. This measure alone netted a reduction of 11.4% in annual energy costs.
CENDID provides integral energy management and efficiency solutions tailored to the specific needs of the steel industry through its many technical and managerial solutions.