The Port Handland site was described using the Finmet process.
Details of world supply status for DRI through 2005 with possible oversupply
HBI placed in perspective.
HBI value between 87 and 107 per cent of value of No. 1 Bundles excluding
specific user benefits. HBI however is a complement and not a substitute
Profile of EAF.
From 1996 to 2005, EAF production anticipated to grow by 93 million
tonnes. Profile provided showing regions, notably Asia, the Americas, Europe
and Africa. North Americal projected to represent 20.4 million tonnes of
this growth. Between one-fifth and one-quarter of production being for
flat steel increasing from zero in 1985.
Demand and supply profiles provided. Capacity by region.
Merchant HBI is purchased because it enables the use of low-grade scrap
as a complement.
Remco Van Santen, Director ACTED
provided details of the relevance of DRI to the iron industry, the growth,
world developments and outlook and perspectives on the economics of DRI
and the electric arc furnace industry. Key issues described included
|chemistry of DRI.|
|while the world steel industry was growing only slowly now, there are big
shifts occuring. Open hearth furnaces were being phased out and with it
a decline in pig iron, electric arc furnaces growing to represent one-half
of world production.|
|economics of DRI including the production of fines and use of gas|
|DRI was a complement to scrap steel and not a substitute.|
|DRI starters in Western Australia|
|world over-capacity is probable|
|new technology that can use low grade fines and coal (direct smelt).|
|immediate future for DRI incl. as complement to direct smelt.|