• The Journal of Asian Finance, Economics and Business
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• v.9 no.3
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• pp.11-22
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• 2022

The iron and steel sector is caught between two worlds: "carbon reduction" and "development." The goal of this study is to show that optimizing asset structure to boost intangible assets, particularly brand assets, is a viable strategy to achieve low-carbon development. This study uses panel data from 38 A-share companies in China's iron and steel industry from 2010 to 2020, as well as World Brand Lab data, to create a comprehensive impact index of enterprise value from the standpoint of an asset structure optimization, and to test the impact of intangible assets and brand equity on enterprise value. The findings show that: the asset structure of iron and steel enterprises is closely related to enterprise value, implying that iron and steel industry development necessitates a transformation of quantity control and quality improvement; the proportion of intangible assets in the asset structure of iron and steel enterprises plays a positive and critical role in enterprise value under surplus conditions. The iron and steel industry begins to shift from tangible to intangible assets; there is heterogeneity in the iron and steel industry transformation. Given certain technological levels, the share of brand assets contributes significantly to the increase in enterprise value.

• Environmental and Resource Economics Review
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• v.31 no.1
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• pp.113-139
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• 2022

The iron and steel industry is a manufacturing industry with the largest greenhouse gases emissions and has a great ripple effect on the national economy as a core material industry. This study internationally compared the decoupling patterns of greenhouse gases emissions in the iron and steel industry from 1990 to 2019, focusing on Korea, Japan, and Germany. In particular, unlike previous studies that considered only fuel combustion emissions, this study considered all fuel combustion emissions, industrial process emissions, and indirect emissions from the use of electricity and heat. As a result of the analysis, Korea is interpreted as expansive coupling, Japan as decoupling, and Germany as unclear. Therefore, the decoupling path that the Korean iron and steel industry should take should not be in Germany, but in the form of seeking a decoupling method similar to Japan or more effective than Japan. In addition, this study considered the characteristics of the iron and steel industry as much as possible and presented the causes of the decoupling analysis results and implications for the Korean iron and steel industry through comparison with Japan and Germany. In particular, four factors were suggested as factors which has promoted decoupling in Japan: high value-added of Japanese iron and steel products, development of energy efficiency technology in the Japanese iron and steel industry, strategic M&A of the Japanese iron and steel industry, and maintaining competitiveness according to the closed distribution structure of Japanese iron and steel products. The Korean iron and steel industry should also use the case of Japan as a benchmark to further increase added value through quality uprade and product diversification of iron and steel products, while at the same time making efforts to fundamentally reduce greenhouse gas emissions through the development of new technologies.

• Proceedings of the Korean Powder Metallurgy Institute Conference
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• 2006.09a
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• pp.599-600
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• 2006

This paper described the state of art of porous metal materials, the typical manufacturing technologies and performances of sintered metal porous materials, with emphasis on the recent research achievements of CISRI in development of porous metal materials. High performance porous metal materials, such as metallic membrane, sub-micron asymmetric composite porous metal, large dimensional and structure complicated porous metal aeration cones and tube, metallic catalytic filter elements, lotus-type porous materials, etc, have been developed. Their applications in energy industry, petrochemical industry, clean coal process and other industrial fields were introduced and discussed.

• Proceedings of the Safety Management and Science Conference
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• 2009.11a
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• pp.209-221
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• 2009

In the steel industry, steel is manufactured and processed to produce a variety of steel products. The industry provides fundamental materials to the whole range of industries including car, ship, electric appliance and construction industries, so that it is very important as an infrastructure industry. The steel manufacture process involves aerial work, many danger factors caused by the treatment with hazardous gases including BFG and COG and by high pressure gases including H2, O2, N2 and LPG. It requires the management over the large area because many workers work in a plant. The potential dangers in the steel plant were identified and the effect of the danger assessment was verified through the analysis of the danger assessment for the steel plant. The allowed degree of danger was lowered after the improvement through the danger assessment in the plant where the case studies were conducted, which indicates that the danger assessment is highly effective.

• Journal of Korean Society for Atmospheric Environment
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• v.20 no.4
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• pp.571-578
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• 2004

The purpose of this study is to estimate of emission factors of the air pollutants for the melting furnaces for the iron and steel industry. The result of this study is able to obtaine the emission factor of particulate matters (PM), sulfur dioxide. nitrogen oxides for melting furnace. The emission factors of each pollutants were as follows : - the emission factor varied between 6.13E-03~6.12E-01 kg/ton for PM -1.59E-01~2.45E+00kg/ton for $SO_2$ - 6.82E-02~6.88E-01 kg/ton for NOx, respectively. Analysis of the differences in the emission factors of ours and U.S. EPA's yielded the following results for the Wilcoxon method : p>0.05. The statistical analysis showed no differences in the our emission factors and U.S. EPA's

• Journal of Energy Engineering
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• v.6 no.2
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• pp.188-197
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• 1997

MARKAL model was applied for assessment of iron and steel technology for the year of 2032 considering cost and environmental effects based on 1992. Technology, energy and material flows were analyzed in iron and steel sector. Reference iron and steel system was designed according to this analysis. Six scenarios were developed considering cost and environmental limitations such as CO$_2$emission control and SOx reduction cost. Competitiveness of technologies in iron and steel sector was assessed under different environmental limitations with cost minimization. Through this study, it was confirmed that MARKAL model can be applied to technology assessment in the field of iron and steel industry.

• Journal of the Korean Society of Manufacturing Process Engineers
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• v.8 no.3
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• pp.33-37
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• 2009

Manifold could apply stainless steel with light weight and durability to improve fuel efficiency at automotive industry. This study is analyzed and compared by heat transfer and deformation according to the materials of cast iron and stainless steel. The heat transfer at manifold of cast iron at the distribution of heat temperature is more than that of stainless steel. But the value of maximum heat deformation in case of stainless steel is 1.5 times as great as that in case of cast iron. The value of maximum heat equivalent stress in case of stainless steel is 2.7 times as great as that in case of cast iron. This maximum stress at manifold is shown at the part assembled with engine body.

• Journal of the Korean Ceramic Society
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• v.40 no.12
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• pp.1141-1149
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• 2003

Refractory industry in technologically advanced countries has long been on gradual decline due to leveled-off steel production and decreasing unit consumption of refractories for steel. Notable technological achievements by refractory industry that contributed significantly to steel production are briefly reviewed covering from blast furnace, basic oxygen furnace to continuous casting. Future possibility to revitalize the refractory industry is discussed on the basis of the review, taking into account opportunities available in environment and energy related sector of industries.

• Journal of the Korea Safety Management & Science
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• v.12 no.1
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• pp.11-18
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• 2010

In the steel industry, steel is manufactured and processed to produce a variety of steel products. The industry provides fundamental materials to the whole range of industries including car, ship, electric appliance and construction industries, so that it is very important as an infrastructure industry. The steel manufacture process involves aerial work, many danger factors caused by the treatment with hazardous gases including BFG and COG and by high pressure gases including $H_2$, $O_2$, $N_2$ and LPG. It requires the management over the large area because many workers work in a plant. The potential dangers in the steel plant were identified and the effect of the danger assessment was verified through the analysis of the danger assessment for the steel plant. The allowed degree of danger was lowered after the improvement through the danger assessment in the plant where the case studies were conducted, which indicates that the danger assessment is highly effective.

• Journal of Korean Society for Atmospheric Environment
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• v.23 no.1
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• pp.50-63
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• 2007

The development of domestic plant specific emission factors is very important to estimate reliable national emissions management. This study, for the reason, was carried out to obtain advances emission factor for Carbon Dioxide ($CO_2$) by source-specific emission tests from the iron and steel industry sector which is well known as one of the major sources of greenhouse gases ($CO_2$). Emission factors estimated in this study were compared with those of IPCC for evaluation and they were found to be of similar level in the case of $CO_2$. There was no good information available on $CO_2$ plant specific emission factors from the iron and steel industry in Korea so far. The major emission sources of $CO_2$ examined from the iron and steel manufacturing precesses were a hot blast stove, coke oven, sintering furnace, electric arc furnace, heating furnace, and so on. In this study, the concentration of $CO_2$ from the hot blast stove process was the highest among all processes. The $CO_2$ emission factors for a ton of Steel and Iron products (using B-C oil) were estimated to be 0.315 $CO_2$ tonne (by Tier 3 method) and 4.89 $CO_2$ tonne. In addition, emission factor of $CO_2$ for heating furnace process was the highest among all process. Emission factors estimated in this study were compared with those of IPCC for evaluation and they were found to be of similar level in the case of $CO_2$.