• Title/Summary/Keyword: Oil and steel price

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Development & Application of New Multi-Purpose Rolling Oil (일반강, SiliconSteel, StainlessSteel겸용 수용성 냉간압연유의 개발 및 적용)

  • SONG K. B.;KWOUN G. J.;KIM M. K.
    • Proceedings of the Korean Society for Technology of Plasticity Conference
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    • 2004.08a
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    • pp.261-267
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    • 2004
  • Current steel makers are trying to develop new manufacturing process to secure price competition and to improve productivity by testing a various kinds of rolling condition of several kinds of steel at TCM. Accordingly, Reverse Mill operation for Stainless steel is changing to TCM operation and furthermore, even general carbon steel and electric steel plate are requested to be worked at TCM simultaneously. By these changing of rolling condition, it become to be necessary to develop new water-soluble cold rolling oil that has a characteristics to be suitable for various working condition and in this report, we would like to mention lubrication condition to fulfill requested characteristics of each steels and development and applying result of multi-purpose water-soluble cold rolling oil which has such an lubrication property.

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A Study on the Prediction of Major Prices in the Shipbuilding Industry Using Time Series Analysis Model (시계열 분석 모델을 이용한 조선 산업 주요물가의 예측에 관한 연구)

  • Ham, Juh-Hyeok
    • Journal of the Society of Naval Architects of Korea
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    • v.58 no.5
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    • pp.281-293
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    • 2021
  • Oil and steel prices, which are major pricescosts in the shipbuilding industry, were predicted. Firstly, the error of the moving average line (N=3-5) was examined, and in all three error analyses, the moving average line (N=3) was small. Secondly, in the linear prediction of data through existing theory, oil prices rise slightly, and steel prices rise sharply, but in reality, linear prediction using existing data was not satisfactory. Thirdly, we identified the limitations of linear prediction methods and confirmed that oil and steel price prediction was somewhat similar to actual moving average line prediction methods. Due to the high volatility of major price flows, large errors were inevitable in the forecast section. Through the time series analysis method at the end of this paper, we were able to achieve not bad results in all analysis items relative to artificial intelligence (Prophet). Predictive data through predictive analysis using eight predictive models are expected to serve as a good research foundation for developing unique tools or establishing evaluation systems in the future. This study compares the basic settings of artificial intelligence programs with the results of core price prediction in the shipbuilding industry through time series prediction theory, and further studies the various hyper-parameters and event effects of Prophet in the future, leaving room for improvement of predictability.

Oil Price Forecasting : A Markov Switching Approach with Unobserved Component Model

  • Nam, Si-Kyung;Sohn, Young-Woo
    • Management Science and Financial Engineering
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    • v.14 no.2
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    • pp.105-118
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    • 2008
  • There are many debates on the topic of the relationship between oil prices and economic growth. Through the repeated processes of conformations and contractions on the subject, two main issues are developed; one is how to define and drive oil shocks from oil prices, and the other is how to specify an econometric model to reflect the asymmetric relations between oil prices and output growth. The study, thus, introduces the unobserved component model to pick up the oil shocks and a first-order Markov switching model to reflect the asymmetric features. We finally employ unique oil shock variables from the stochastic trend components of oil prices and adapt four lags of the mean growth Markov Switching model. The results indicate that oil shocks exert more impact to recessionary state than expansionary state and the supply-side oil shocks are more persistent and significant than the demand-side shocks.

Numerical Analysis of Helical Pile Behavior Varying Number and Diameter of Helices (헬릭스 개수 및 직경에 따른 헬리컬 파일 거동의 수치해석적 분석)

  • Bak, Jongho;Lee, Kicheol;Choi, Byeong-Hyun;Kim, Dongwook
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.39 no.1
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    • pp.211-217
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    • 2019
  • Oil extraction from oil sands, a non-traditional crude oil resource, is attracting attention as the oil price fluctuates due to recent economical and political issues. Many oil sands sites are mainly located in the polar regions. For plant construction to extract crude oil from oil sands in harsh environment of the polar regions, fast and simple installation of plant foundation is necessary. However, typically-used conventional foundations such as drilled shafts and driven piles are not suitable to construct under cold temperature and organic surface layers. In this study, helical piles enabling rapid and simple constructions using small rotary equipment without driving or excavation was considered. The helical pile consists of steel shaft and several helices attached to the steel shaft; therefore, the behavior of the helical pile depends on the number and shape of the helices. The effect of the helices' configuration (number and diameter of helices) on helical pile behavior was analyzed based on the numerical analysis results.

Corrosion Characteristics of Welding Zones Welded with 1.25Cr-0.5 Mo Filler Metal to Forged Steel for Piston Crown Material

  • Jeong, Jae-Hyun;Lee, Sung-Yul;Lee, Myeong-Hoon;Baek, Tae-Sil;Moon, Kyung-Man
    • Corrosion Science and Technology
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    • v.14 no.2
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    • pp.54-58
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    • 2015
  • A heavy oil of low quality has been mainly used in the diesel engine of the merchant ship as the oil price has been significantly jumped for several years. Thus, a combustion chamber of the engine has been often exposed to severely corrosive environment more and more because temperature of the exhaust gas of the combustion chamber has been getting higher and higher with increasing of using the heavy oil of low quality. As a result, wear and corrosion of the engine parts such as exhaust valve, piston crown and cylinder head surrounded with combustion chamber are more serious compared to the other parts of the engine. Therefore, an optimum repair welding for these engine parts is very important to prolong their lifetime in a economical point of view. In this study, 1.25Cr-0.5Mo filler metal was welded with SMAW method in the forged steel which would be generally used with piston crown material. And the corrosion properties of weld metal, heat affected and base metal zones were investigated using electrochemical methods such as measurement of corrosion potential, anodic polarization curves, cyclic voltammogram and impedance etc. in 35% $H_2SO_4$ solution. The weld metal and base metal zones exhibited the highest and lowest values of hardness respectively. And, the corrosion resistance of the heat affected and weld metal zones was also increased than that of the base metal zone. Furthermore, it appeared that the corrosive products with red color and local corrosion like as a pitting corrosion were more frequently observed on the surface of the base metal zone compared to the heat affected and weld metal zones. Consequently, it is suggested that the mechanical and corrosion characteristics of the piston crown can be predominantly improved by repair welding method using the 1.25Cr-0.5Mo electrode.

Cathodic Protection of Onshore Buried Pipelines Considering Economic Feasibility and Maintenance

  • Choi, Byoung-Yeol;Lee, Sang-Gil;Kim, Jin-Kwang;Oh, Jin-Soo
    • Journal of Advanced Research in Ocean Engineering
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    • v.2 no.4
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    • pp.158-168
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    • 2016
  • During the installation of crude oil or gas pipelines, which pass through onshore buried pipelines or onshore pipeline from subsea pipeline to onshore plant, countermeasures need to be implemented so as to ensure a sufficient design life by protecting the steel pipes against corrosion. This can be achieved through impressed current cathodic protection method for onshore pipelines and through galvanic sacrificial anode corrosion protection method for offshore pipelines. In particular, in the case of impressed current cathodic protection, isolation joint flanges should be used. However, this makes maintenance control difficult with its installation having a negative impact on price. Therefore, in this study, the most suitable methodology for onshore pipeline protection between galvanic sacrificial anode corrosion protection and impressed current cathodic protection method will be introduced. In oil and gas transportation facilities, the media can be carried to the end users via onshore buried and/or offshore pipeline. It is imperative for the field operators, pipeline engineers, and designers to be corrosion conscious as the pipelines would undergo material degradations due to corrosion. The mitigation can be achieved with the introduction of an impressed current cathodic protection method for onshore buried pipelines and a galvanic sacrificial anode corrosion protection method for offshore pipelines. In the case of impressed current cathodic protection, isolation joint flanges should be used to discontinuity. However, this makes maintenance control to be difficult when its installation has a negative impact on the price. In this study, the most suitable corrosion protection technique between galvanic sacrificial anode corrosion protection and impressed current cathodic protection is introduced for (economic life of) onshore buried pipeline.

Evaluation of the corrosion property on the welded zone of forged steel piston crown with types of filler metals (용접재료별 단강 피스톤 크라운 용접부위의 부식특성에 대한 평가)

  • Moon, Kyung-Man;Won, Jong-Pil;Lee, Myeong-Hoon;Baek, Tae-Sil;Kim, Jin-Gyeong
    • Journal of Advanced Marine Engineering and Technology
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    • v.38 no.4
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    • pp.409-417
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    • 2014
  • Since the oil price has been significantly jumped for recent some years, the diesel engine of the merchant ship has been mainly used the heavy oil of low quality. Thus, it has been often exposed to severely corrosive environment more and more because temperature of the exhaust gas in a combustion chamber is getting higher and higher with increasing of using the heavy oil of low quality. As a result, wear and corrosion of most parts surrounded with combustion chamber is more serious compared to the other parts of the engine. Therefore, an optimum weldment for these parts is very important to prolong their lifetime in a economical point of view. In this study, four types of filler metals such as Inconel 625, 718, 1.25Cr-0.5Mo and 0.5Mo were welded with SMAW and GTAW methods in the forged steel which would be generally used with piston crown material. And the corrosion properties of weld metal, heat affected zone and base metal were investigated using electrochemical methods such as measurement of corrosion potential, anodic polarization curves, cyclic voltammogram and impedance etc. in 35% H2SO4 solution. The weld metal and base metal exhibited the best and worst corrosion resistance in all cases of filler metals. In particular, the weld metal welded with filler metals of Inconel 718 revealed the best corrosion resistance among the filler metals, and Inconel 625 followed the Inconel 718. Hardness relatively indicated higher value in the weld metal compared to the base metal. Furthermore, Inconel 625 and 718 indicated higher values of hardness compared to 1.25cr-0.5Mo and 0,5Mo filler metals in the weld metal.

Characteristics Evaluation on Welding Metal Zones Welded with Inconel 625 Filler Metal to Cast Steel for Piston Crown Material

  • Jeong, Jae-Hyun;Moon, Kyung-Man;Lee, Sung-Yul;Lee, Myeong-Hoon;Baek, Tae-Sil
    • Journal of Advanced Marine Engineering and Technology
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    • v.39 no.5
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    • pp.542-547
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    • 2015
  • Since the oil price has been significantly jumped for several years, a heavy oil of low quality has been mainly used in the diesel engine of the merchant ship. Thus, a combustion chamber of the engine has been often exposed to severely corrosive environment more and more because temperature of the exhaust gas of the combustion chamber has been getting higher and higher with increasing of using the heavy oil of low quality. As a result, wear and corrosion of the engine parts such as exhaust valve, piston crown and cylinder head surrounded with combustion chamber are more serious compared to the other parts of the engine. Therefore, an optimum repair welding for these engine parts is very important to prolong their lifetime in a economical point of view. In this study, Inconel 625 filler metal were welded with GTAW method in the cast steel which would be generally used with piston crown material. And the corrosion properties of weld metal, heat affected and base metal zones were investigated using electrochemical methods such as measurement of corrosion potential, anodic polarization curves, cyclic voltammogram and impedance etc. in 35% $H_2SO_4$ solution. The weld metal and base metal zones exhibited the highest and lowest values of hardness respectively. Furthermore, the corrosion current density of the weld metal zone revealed the lowest value, having the highest value of hardness. The corrosive products with red color and local corrosion like as a pitting corrosion were considerably observed at the base metal zone, while these morphologies were not wholly observed in the weld metal zone. In particular, the polarization characteristics such as impedance, polarization curve and cyclic voltammogran associated with corrosion resistance property were well in good agreement with each other. Consequently, it is suggested that the mechanical and corrosion characteristics of the piston crown can be predominantly improved by repair welding method using the Inconel 625 electrode.

An Electrochemical Evaluation on the Corrosion Resistance of Welding Zone due to Kinds of Repair Welding Filler Metals and Post Weld Heat Treatment (보수용접봉의 종류와 용접후 열처리가 용접금속부의 내식성에 미치는 영향에 관한 전기화학적 평가)

  • Shin, Jae-Hyun;Moon, Kyung-Man
    • Corrosion Science and Technology
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    • v.9 no.6
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    • pp.310-316
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    • 2010
  • Recently a fuel oil of the diesel engine of the marine ship is being changed with heavy oil of low quality as the oil price is higher more and more. Therefore the wear and corrosion in all parts of the engine such as cylinder liner, piston crown, spindle and seat ring of exhaust valves are predominantly increased. In particular the degree of wear and corrosion of piston crown is more seriously compared to the other parts of the engine due to operating in severe environment such as the high temperature of exhaust gas and repeating impact. Thus the repair weldment of the piston crown is a unique method to prolong the its life in a economical point of view. In this case, filler metals having a high corrosion and wear resistance such as stellite 6, Inconel 625 and Inconel 718 are mainly being used for repair welding. However it has been often happened that piston crown on the ship,s job site is being actually inevitably welded with mild filler metals. Therefore in this study, filler metals such as E4301, E4313 and E4316 were welded at SS401 steel as the base metal, and corrosion property of their weld metals in the case of post weld heat treatment or not was investigated with some electrochemical methods such as measurement of corrosion potential, cathodic and anodic polarization curves, cyclic voltammogram and polarization resistance etc. in 0.1% $H_2SO_4$ solution. Corrosion resistance of the weld metal of E4301 was better than the other weld metals in the case of no heat treatment, however, its resistance was considerably decreased with post weld heat treatment(annealing:$625^{\circ}C$, 2 hr) compared to other weld metals. The weld metals of E4313 and E4316 showed a relatively good corrosion resistance by post weld heat treatment.

Effect of the Heat Treatment on the Mechanical Property and Corrosion Resistance of CU - 7Al - 2.5Si Alloy (Cu-7Al-2.5Si 합금의 기계적 및 내식특성에 미치는 열처리 효과)

  • Lee, Syung-Yul;Won, Jong-Pil;Park, Dong-Hyun;Moon, Kyung-Man;Lee, Myeong-Hoon;Jeong, Jin-A;Baek, Tae-Sil
    • Corrosion Science and Technology
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    • v.13 no.1
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    • pp.28-35
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    • 2014
  • Recently, the fuel oil of diesel engines of marine ships has been increasingly changed to heavy oil of low quality as the oil price is getting higher and higher. Therefore, the spiral gear attached at the motor of the oil purifier which plays an important role to purify the heavy oil is also easy to expose at severe environmental condition due to the purification of the heavy oil in higher temperature. Thus, the material of the spiral gear requires a better mechanical strength, wear and corrosion resistance. In this study, the heat treatment(tempering) with various holding time at temperature of $500^{\circ}C$ was carried out to the alloy of Cu-7Al-2.5Si as centrifugal casting, and the properties of both hardness and corrosion resistance with and without heat treatment were investigated with observation of the microstructure and with electrochemical methods, such as measurement of corrosion potential, cathodic and anodic polarization curves, cyclic voltammogram, and a.c. impedance. in natural seawater solution. The ${\alpha}$, ${\beta}^{\prime}$ and ${\gamma}_2$ phases were observed in the material in spite of no heat treatment due to quenching effect of a spin mold. However, their phases, that is, ${\beta}^{\prime}$ and ${\gamma}_2$ phases decreased gradually with increasing the holding time at a constant temperature of $500^{\circ}C$. The hardness more or less decreased with heat treatment, however its corrosion resistance was improved with the heat treatment. Furthermore, the longer holding time, the better corrosion resistance. In addition, when the holding time was 48hrs, its corrosion current density showed the lowest value. The pattern of corroded surface was nearly similar to that of the pitting corrosion, and this morphology was greatly observed in the case of no heat treatment. It is considered that ${\gamma}_2$ phase at the grain boundary was corroded preferentially as an anode. However, the pattern of general corrosion exhibited increasingly due to decreasing the ${\gamma}_2$ phase with heat treatment. Consequently, it is suggested that the corrosion resistance of Cu-7Al-2.5Si alloy can be improved with the heat treatment as a holding time for 48 hrs at $500^{\circ}C$.