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Cost-efficient steel production

Optimize the costs of steel making by using smart instrumentation and process solutions

Steel plant with blast furnace

With the steel markets being highly competitive cost-efficiency is one of the top priorities for plant managers. And as energy costs can constitute up to 40 % of the overall costs, energy consumption has a huge potential for cost optimization. Think for example of utilities, or “W.A.G.E.S.” (water, air, gas, electricity, steam). Utility costs in the steelmaking industry are equal to more than 3% of a plant’s revenue in the United States, and more than 6% of revenue in Europe.

Key facts

Up to 40%

of the overall steel production costs are spent on energy according to the World Steel Association.