How AI is Used in Steel Industry In 2024, artificial intelligence will play a crucial role in all technology fields. The steel industry is also one of them. The applications of AI in the steel industry include inventory and warehouse management for better enhancement and efficiency; Reducing steel waste for more sustainability; Quality Control for improving product standards; Welding optimization processes through advanced AI algorithms; and Research and Development. Inventory…
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Green Hydrogen Production Meeting The fourth Global Renewable Energy Investors’ Meet was held in Gujarat on September 17th, hosted by the Indian government’s Ministry of New and Renewable Energy. The Gujarat government organized this important event, which served as a wonderful illustration of the state’s dedication to supporting the National Green Hydrogen Mission of India. Gujarat has emerged as India’s most notable city in the field of renewable energy, and…
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What is Green Hydrogen? Green hydrogen is a process produced by splitting water by electrolysis. This will produce and separate hydrogen and oxygen. Hydrogen can be used and oxygen will be ventured into the atmosphere without any negative effects. Moreover, the steel industry is responsible for around 240 million tonnes of carbon emissions annually, which is expected to double at an exponential rate by 2030. So Green hydrogen, in particular,…
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Steel demand decreased during Corona outbreak: In 2020, India’s steel consumption was 88.5 million tonne (MT) which is 12% less than 2019 (100 MT). It is due to the impact of the coronavirus pandemic, closely connected with economic growth. Steel dependent industries like Automobile, Construction, Machinery are affected majorly during the crisis which leads to a reduction of the steel demand in India. Steel demand grows post-lockdown 2020: After the…
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The Iron and Steel industry is one of the largest industries in India and has a significant impact on the Indian economy. India was the 3rd largest producer of raw steel for three consecutive years, from 2014 to 2016. Iron and steel industry is at the core of globalization and is one of those industries which have direct or indirect ties with every other industry. These metals are used in…
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