• Title/Summary/Keyword: Steel Production

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Determinants of Share Prices of Listed Companies Operating in the Steel Industry: An Empirical Case from Vietnam

  • NGUYEN, Phu Ha;NGUYEN, Phi-Hung;TSAI, Jung-Fa;NGUYEN, Thanh Tam;HO, Van Nguyen;DAO, Trong-Khoi
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.12
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    • pp.131-138
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    • 2020
  • In accordance with huge demand for capital to meet the expansion of steel production, there are more and more steel companies who have officially listed their stocks in HOSE and HNX. One of the key issues in successful initial public offerings and seasonal offerings for these companies is how to make stocks of steel companies become more attractive in the eyes of investors. The purpose of this research is to analyze the determinants of share prices of listed steel companies in Vietnam. This study utilized macro-economic variables, ratios and indicators representing characteristics of steel industry collected from Quarter 1/2006 to Quarter 4/2019 in association with the panel data and the feasible generalized least square (FGLS) model to evaluate the degree of these factors on the share prices. The results of the research show that ROE, Cons_rate, and CO2_rate are three main factors affecting the share prices of listed steel companies. Among which, ROE and Cons_rate have a positive effect, while CO2_rate has a negative effect on the share prices of listed steel companies. It also confirms the relationship between the environmental factor, construction industry factor and the stock prices. This lays foundations for recommendations for the future policies towards environmental protection and sustainable development.

Process of Using BIM for Small-Scale Construction Projects - Focusing on the Steel-frame Work - (소규모 건축공사의 BIM 정보 활용을 위한 프로세스 제안 - 철골공사 중심으로 -)

  • Kim, Jin-Kwang;Yoo, Moo-Young;Ham, Nam-Hyuk;Kim, Jae-Jun;Choi, Chang-Shik
    • Journal of KIBIM
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    • v.8 no.2
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    • pp.41-50
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    • 2018
  • The current study focused on the utilization of building information modeling (BIM) data in steel-frame structures, which help to reduce project durations because they employ prefabricated structural members that are assembled on-site. In addition, a business process model was proposed using BIM data collected during the preconstruction, structural steel fabrication, and on-site construction phases of an actual steel-frame project. The ultimate expectation is that BIM data support at each phase, as well as the increased understanding among project participants, will result in an increase in project management productivity. The results from the current study are summarized as follows: To implement a BIM capable of application to steel-frame projects and data utilization, existing theories were studied to develop the construction project steps, both generally into the preconstruction (A1), steel fabrication (A2), and on-site construction phases, (A3) and specifically into 19 BIM-applicable phases. Based on the derived BIM-applicable phases, the model elements of the BIM object were identified, and the shortcomings of existing steel-frame projects were ameliorated, resulting in an improved data flow model. Moreover, for the proposed BIM data flow to progress efficiently, the BIM specialist needs to be well-acquainted with the phase-specific three-dimensional (3D) model output, and the infrastructure to construct an error-free 3D model must be provided. Based on the actual construction example, the BIM data utilized steel-frame projects - via production reports, clash checks, two-dimensional (2D) drawings, four-dimensional (4D) simulations, and 3D scanning - to make cooperation and communication among participants easier.

A Study of Fatigue Crack Growth Behaviour for Ferrite-Bainite Dual Phase Steel (Ferrite-Bainite dual phase 강의 피로균열진전 특성 평가)

  • Kim, Deok-Geun;Cho, Dong-Pil;Oh, Dong-Jin;Kim, Myung-Hyun
    • Journal of Welding and Joining
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    • v.34 no.1
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    • pp.41-46
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    • 2016
  • With the recent increase in size of ships and offshore structures, there are more demand for thicker plates. As the thickness increases, it is known that fatigue life of the structures decrease. To improve the fatigue life, post weld treatments techniques, such as toe grinding, TIG dressing and hammer peening, are typically employed. However, these techniques require additional construction time and production cost. Therefore, it is of crucial interest steels with longer fatigue crack growth life compared to conventional steels. This study investigates fatigue crack growth rate (FCGR) behaviours of conventional EH36 steel and Ferrite-Bainite dual phase EH36 steel (F-B steel). F-B steel is known to have improved fatigue performance associated with the existence of two different phases. Ferrite-Bainite dual phase microstructures are obtained by special thermo mechanical control process (TMCP). FCGR behaviours are investigated by a series of constant stress-controlled FCGR tests. Considering all test conditions (ambient, low temperature, high stress ratio), it is shown that FCGR of F-B steel is slower than that of conventional EH36 steel. From the tensile tests and impact tests, F-B steel exhibits higher values of strength and impact energy leading to slower FCGR.

Heat Flow Analysis of Ferritic Stainless Steel Melt during Ti wire feeding (Ti 와이어 피딩에 따른 페라이트계 스테인레스강 제강시 열유동 해석)

  • Kim, Min-Gi;Hwang, Dong-Chan;Choi, Jae-Joo;Shin, Sang-Yoon;Ye, Byung-Joon;Kim, Ji-Hun;Kim, Won-Bae
    • Journal of Korea Foundry Society
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    • v.29 no.6
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    • pp.277-283
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    • 2009
  • Recently an increase in production cost of 300 series stainless steel with a sudden increase in nickel cost has caused a decrease in demand for 300 series stainless steel so that 400 series stainless steel has begun to make a mark. Although 400 series stainless steel has good properties, it has a problem of lack of corrosion resistance. There is Ti in 400 series stainless steel alloys to solve the problem above and it has lower density than the others. For that reason, wire feeding process has been applied for adding Ti alloy in 400 series stainless steel. This paper presents consideration of variation on the depth of wire dissolution by conditions of wire feeding which are wire injection speed, the temperature of molten steel, wire diameter and bubble generation rate. The computer program for solution of conducting wire feeding has been developed in Flow3D.

Physical Properties of Polymer Concrete Composites Using Rapid-Cooled Steel Slag (II) (Use of Rapid-Cooled Steel Slag in Replacement of Fine and Coarse Aggregate) (급냉 제강슬래그를 사용한 폴리머 콘크리트 복합재료의 물성(II) (급냉 제강슬래그를 잔골재와 굵은 골재 대체용으로 사용))

  • Hwang, Eui-Hwan;Lee, Choul-Ho;Kim, Jin-Man
    • Applied Chemistry for Engineering
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    • v.23 no.4
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    • pp.409-415
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    • 2012
  • To recycle the steel slag as manufactured composite materials of polymer concretes, we used the atomizing method to make round aggregates from steel slag, which is treated as industrial wastes. A round rapid-cooled steel slag was used to replace fine aggregate (river sand) or coarse aggregate (crushed aggregate), depending on the grain size. To examine general physical properties of polymer concrete composites manufactured from rapid-cooled steel slag, the polymer concrete specimen with various proportions depending on the addition ratio of polymer binder and replacement ratio of rapid-cooled steel slag were manufactured. In the result of the tests, the mechanical strength of the specimen made by replacing the optimum amount of rapid-cooled steel slag increased notably (maximum compressive strength 117.1 MPa), and the use of polymer binder, which had the most impact on the production cost of polymer concrete composites, could be remarkably reduced. However, the mechanical strength of the specimen was markedly reduced in hot water resistance test of polymer concrete composite.

A new formulation for strength characteristics of steel slag aggregate concrete using an artificial intelligence-based approach

  • Awoyera, Paul O.;Mansouri, Iman;Abraham, Ajith;Viloria, Amelec
    • Computers and Concrete
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    • v.27 no.4
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    • pp.333-341
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    • 2021
  • Steel slag, an industrial reject from the steel rolling process, has been identified as one of the suitable, environmentally friendly materials for concrete production. Given that the coarse aggregate portion represents about 70% of concrete constituents, other economic approaches have been found in the use of alternative materials such as steel slag in concrete. Unfortunately, a standard framework for its application is still lacking. Therefore, this study proposed functional model equations for the determination of strength properties (compression and splitting tensile) of steel slag aggregate concrete (SSAC), using gene expression programming (GEP). The study, in the experimental phase, utilized steel slag as a partial replacement of crushed rock, in steps 20%, 40%, 60%, 80%, and 100%, respectively. The predictor variables included in the analysis were cement, sand, granite, steel slag, water/cement ratio, and curing regime (age). For the model development, 60-75% of the dataset was used as the training set, while the remaining data was used for testing the model. Empirical results illustrate that steel aggregate could be used up to 100% replacement of conventional aggregate, while also yielding comparable results as the latter. The GEP-based functional relations were tested statistically. The minimum absolute percentage error (MAPE), and root mean square error (RMSE) for compressive strength are 6.9 and 1.4, and 12.52 and 0.91 for the train and test datasets, respectively. With the consistency of both the training and testing datasets, the model has shown a strong capacity to predict the strength properties of SSAC. The results showed that the proposed model equations are reliably suitable for estimating SSAC strength properties. The GEP-based formula is relatively simple and useful for pre-design applications.

Characteristics of Precipitation Hardened Extra Low Carbon Steels (석출강화형 극저탄소강의 특성에 대한 고찰)

  • Yoon, Jeong-Bong;Kim, Sung-il;Kim, In-Bae
    • Korean Journal of Metals and Materials
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    • v.46 no.10
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    • pp.609-616
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    • 2008
  • Conventional bake-hardenable(BH) steels should be annealed at higher temperatures because of the addition of Ti or/and Nb which forms carbides and raises recrystallization start temperature. In this study, the development of new BH steels without Ti or Nb addition has been reviewed. The new BH steels have nearly same mechanical properties as the conventional BH steels even though it is annealed at lower temperature. The steels also show smaller deviation of the mechanical properties than that of the conventional BH steels because of the conarol of solute carbon content during steel making processes. The deviation of mechanical properties in conventional BH steels is directly dependent on the deviation of solute carbon which is greatly influenced by the amount of the carbide formers in conventional BH steels. Less alloy addition in the newly developed BH steels gives economical benefits. By taking the advantage of sulfur and/or nitrogen which scarenge in Interstitial-Free or conventional BH steels, fine manganese sulfides or nano size copper sulfides were designed to precipitate, and result in refined ferrite grains. Aluminum nitrides used as a precipitation hardening element in the developed steels were also and resull in fine and well dispersed. As a result, the developed steels with less production cost and reduced deviation of mechanical properties are under commercial production. Note that the developed BH steels are registered as a brand name of MAFE(R) and/or MAF-E(R).

Recent Trends in Flat Hot Rolling of Steel (열간 압연판재 제조기술의 최신동향)

  • 이준정
    • Transactions of Materials Processing
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    • v.11 no.1
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    • pp.24-35
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    • 2002
  • Recent trend and future prospect of flat rolling of steel has been summarized based on the earlier reports. Key technology in the plate rolling is to have ultra fine microstructure having high resistance against crack propagation during application. Heavy accelerated cooling facility and high power rolling mill will be helpful to develope the high toughness steel. Precise modeling of properly prediction based on deformation and transformation imposed on microstructure of steel during processing is highly anticipated. For the hot strip rolling process, new trend is lies on the production of ultra-thin gauged hot strip to substitute cold rolled strip. For the substitution of cold rolled strip into hot rolled strip widely, high formable property of hot strip is highly required. For the formabilit, the ferritic rolling of extra low carbon steel under high lubricated condition is essential. Recently introduced semi-continuous thin slab and rolling mill line is very plausible to develope those kinds of products easily In the view groin facility combination. New idea to modify the existing continuous hot strip mill line to produce the ultra thin-gauged hot strip in an economic way is suggested in this report.

Improvement of Zinc Coating Weight Control for Transition of Target Change

  • Chen, Chien-Ming;Lin, Jeng-Hwa;Hsu, Tse-Wei;Lin, Rui-Rong
    • Corrosion Science and Technology
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    • v.9 no.3
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    • pp.105-108
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    • 2010
  • The product specification of the Continuous Hot Dip Galvanizing Line (CGL) changes and varies constantly with different customers' requirements, especially in the zinc coating weight which is from 30 to 150 g/$m^2$ on each side. Since the coating weight of zinc changes often, it is very important to reduce time spent in the transfer of target values changed for low production cost and yield loss. The No.2 CGL in China Steel Corporation (CSC) has improved the control of the air knife which is designed by Siemens VAI. CSC proposed an experiment design which is an $L_9(3^4)$ orthogonal array to find the relations between zinc coating weight and the process parameters, such as the line speed, air pressure, gap of air knife and air knife position. A non-linear regression formula was derived from the experimental results and applied in the mathematical model. A new air knife feedforward control system, which is coupled with the regression formula, the air knife control system and the process computer, is implemented into the line. The practical plant operation results have been presented to show the transfer time is obviously shortened while zinc coating weight target changing and the product rejected ratio caused by zinc coating weight out of specification is significantly reduced from 0.5% to 0.15 %.

The influence of convoy loading on the optimized topology of railway bridges

  • Jansseune, Arne;De Corte, Wouter
    • Structural Engineering and Mechanics
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    • v.64 no.1
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    • pp.45-58
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    • 2017
  • This paper presents the application of topology optimization as a design tool for a steel railway bridge. The choice of a steel railway bridge is dictated by the particular situation that it is suitable for topology optimization design. On the one hand, the current manufacturing techniques for steel structures (additive manufacturing techniques not included) are highly appropriate for material optimization and weight reduction to improve the overall structural efficiency, improve production efficiency, and reduce costs. On the other hand, the design of a railway bridge, especially at higher speeds, is dominated by minimizing the deformations, this being the basic principle of compliance optimization. However, a classical strategy of topology optimization considers typically only one or a very limited number of load cases, while the design of a steel railway bridge is characterized by relatively concentrated convoy loads, which may be present or absent at any location of the structure. The paper demonstrates the applicability of considering multiple load configurations during topology optimization and proves that a different and better optimal layout is obtained than the one from the classical strategy.