• 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.

• Journal of Korea Foundry Society
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• v.17 no.2
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• pp.135-144
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• 1997

The relative machinability of the invar-type cast alloys, such as invar cast steel, invar-type cast iron, Meehanite cast iron, and the modified Invar-type cast iron containing Mo and V was evaluated based on the tool life test, the surface roughness test and the chipping test. Tool life and surface roughness were measured under various cutting conditions. The tool lives of Invar cast steel, Meehanite cast iron, the modified Invar cast iron and Invar cast iron was 12 min, 8 min, 1 min, 41 min, respectively. The surface finish of Invar cast steel and the modified Invar cast iron was better than that of Meehanite cast non, and the chip breakability of invar cast iron and Meehanite cast iron was better than that of invar cast steel. The Taylor's equations of invar cast steel and the modified invar cast iron were $VT^{0.3076}=154.479$ and $VT^{0.3880}=102.326$, respectively. As the cutting speed increases, the surface finish of the modified invar cast iron was improved.

• Resources Recycling
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• v.9 no.1
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• pp.15-20
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• 2000

The effect of different kinds of steel scraps, the raw material in the manufacturing of nodular cast iron, on the microstructures and mechanical properties has been investigated Different grades were produced by changing the steel scraps. When nodular graphite cast iron was produced by using Zn rich steel scrap, such as galvanized steel sheet and auto body sheet, mechanical properties were deteriorated due to the decomposition of graphite, so close control must be maintained over this element. Tensile strength and hardness of nodular graphite cast iron which were manufactured by using Sb rich steel scrap were increased while elongation was decreased due to the increased amounts of pearlite within matrix. Mn and Cr contents in the structural steel sheet scrap or malleable iron scrap increased tensile strength and hardness of nodular graphite cast iron by facilitating the formation of pearlite.

• Corrosion Science and Technology
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• v.9 no.4
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• pp.143-146
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• 2010

For the issue of flaking of the hot-dip galvanizing coating during drawing, the microcosmic characteristics of the coatings have been analyzed and experiments have been done to investigate the influence of coating thickness, Al content and steel substrate strength on its flaking-resistance. The results show that the fact of flaking is that the coating partially flaked off at the position far away from interface of steel substrate and coating, and not entirely flaked off from steel substrate because of poor adhesion. The flaking-resistance of coating decreases with the increasing of coating thickness and steel substrate strength, and increases with the increasing of Al content in coating at the same experimental conditions.

• Proceedings of the IEEK Conference
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• 2001.10a
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• pp.387-392
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• 2001

Kobe Steel, LTD. and Midrex Technologies Inc. jointly developed the FASTMET$\circledR$ process as a steel mill waste recycle technology in which the DRI product meets BF feed material or BOF/EAF feed material requirements. FASTMET(R) process turns value-less wastes into valuable DRI and sellable zinc oxide, and gives the solution for the steel mill wastes recycling from both economical and environmental viewpoints. During the development of the process, Laboratory, Pilot Plant and Demonstration Plant tests were carried out from 1990 to 1998. The first FASTMET(R) commercial plant began operation in April, 2000 and the second commercial plant started in April, 2001 Both commercial plants have proceeded successfully preying that FASTMET$\circledR$ is a suitable process for recycling steel mill waste and for producing DRI as an iron source.

• Journal of Conservation Science
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• v.28 no.4
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• pp.367-376
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• 2012

The ironware production technology is a measure to fathom the society's level of development in time. To understand iron-manufacure methods in the past, various investigations on the fine structures and additions of ironware remains and Iron ingot have been conducted in a way of natural science. This study metallurgically reclassifies remains excavated in iron-manufacture remains located in Beokje, Goyang, which are thought to be in time of Goryeo Dynasty, and draws an inference from the element analysis on the iron-manufacture and smelting technology. Iron ingot samples with a cast iron structure are divided into those with a white cast iron structure and those with a grey cast iron rich in P. The P content of grey cast iron appeared to be the result of adding a flux agent like lime, iron ingot and carbon steel iron ingot with a cast iron structure excavated in the area is regarded as pig iron which was made without a refining process. In this study it seems that two methods of making ironware were used in the area; one is the method of making ironware by pouring cast iron to the casting, and the other is the method of making carbon steel through the refinement of pig iron. It appears that highly even steel structure of carbon steel and a small amount of MnS inclusion are very similar with that of the modern steel to which Mn is artificially added. Nevertheless, these data alone cannot be used to determine the source of Mn in the carbon steel of the excavated from the iron-manufacture remains, which raises the need for further studies on the source and the possibility of carbon steel via the iron-manufacture process of cast iron.

• 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.

• 보존과학연구
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• s.27
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• pp.165-180
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• 2006

The research was conducted to understand type of iron used by those who lived at dwelling site of Yangsoo-ri in between the first century B.C. and the first century A.D. to make steel products and their technique such as steel making process and heat treatment, based on micro structure information obtained through microscopic metallographic structure analysis with SEM-EDS of six steel productsexhumed at the site. Key findings are summarized as below. In the sense that Si-Ca-Al style and less than 0.5% of Ti were found in the non-metallic inclusion, the material used for forged iron ware was magnetite resolved in that. It is, however, unclear whether magnetite was resolved at high temperature or at low temperature. Microscopic structure analysis revealed that forged steel products were made through repeated hot working, the technique of molding by hitting after heating in the process of resolving and molding iron. As a result, the iron used here for the products was not the iron ore which was produced through resolution from discarded cast iron axe, ingot iron. It is probable that to make those steel products, disposed-of cast iron was reused after being molded by decarburizing. Although a few of relics were analyzed for the research, they were of critical importance in defining the process of ironware production from the first century B.C. and the first century A.D. at the Yangsoo-ri region. Judging from the iron from A-19 dwellingsite, it is possible to conclude that the iron was manufactured from cast iron decarburized and yet more research has to be done into relics yetto be exhumed in order to ascertain the finding. All of these findings are believed to play a critical role in further studies to define the steel-manufacturing technique used on the central Korean peninsular in the ancient times.

• Journal of Information Technology Services
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• v.12 no.4
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• pp.255-265
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• 2013

This paper proposes a DEA-AR model for the efficiency evaluation of the iron ore brands in an integrated steel mill. The input factor is defined as unit cost of each brand based on CIF and two output factors are chosen as Fe and Al which are the important ingredients of iron ore. The relative importance between two output factors is determined by several experts using AHP model. The efficiency of each brand is determined using DEA and DEA-AR models. The negative correlation between the DEA-AR efficiency and the unit cost (CIF) is shown as significant whereas no significant correlation exist between the efficiency and the output factors. Also, the Kruskal Wallis rank sum test shows that there exist efficiency differences among the iron ore types whereas no difference is shown among the countries. The result could be utilized in selecting good brands of iron ores based on the DEA-AR efficiency in an integrated steel mill.

• Proceedings of the Korean Magnestics Society Conference
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• 2007.05a
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• pp.244.2-244.2
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• 2007