After the outbreak of the COVID-19 pandemic in 2020, international business & trade slowed down to a minimum because the supply of raw materials was almost non-existent. Such a situation has shed new light on what the future holds for mankind and how can such a similar problem can be avoided in the future. That’s where the idea of Green Steel came into existence.
So, what is Green Steel and what is it all about? Let’s find out.
What Do You Mean By Green Steel?
According to a reliable organization for scrap copper in Sydney, Green Steel is mainly generated via new and enhanced methods of refining, which will create fewer carbon emissions & pollution than the usual blast furnaces.
Some of the methods that are utilized in the process of Green Steel are:
- Hydrogen Direct Reduction
- Electric Arc Furnaces
- Molten Oxide Electrolysis
You must also remember that the technologies that are used in Green Steel can also help in boosting the ability for the production of steel at a cheaper rate than regular blast furnaces.
The Importance Of Green Steel
There’s no denying that historically, Green Steel has always been the more expensive alternative to the traditional steel manufacturing process. However, things have changed in recent years and that’s no longer the case anymore. Then the question arises – why hasn’t steel manufacturers utilized such an innovative process?
Well, the answer is simple – it’s not possible to renovate steel manufacturing facilities that easily – so that new technologies can be installed. Sometimes, the cost can go into millions and billions, which makes it impossible for manufacturers to make the switch. However, if the steel manufacturer is keen on environmental sustainability, then proper steps should be taken.
The good news is that – all the new steel manufacturers that are entering the industry nowadays are using the Green Steel technology – thereby producing steel more efficiently & cheaper than the competition.
How The COVID-19 Pandemic Changed The Manufacturing Industry?
In recent memory, the public or the manufacturers never had to worry about the supply of raw materials. Hence, manufacturers didn’t have a contingency plan in place. So, when the pandemic hit every part of the world, it came as a massive shock.
Now, manufacturers are trying to push towards better supply chains and inventory management, which shows that the COVID-19 pandemic has helped the manufacturing industry to be more forward-thinking & efficient.
Furthermore, manufacturers are also stressing about recycling scrap metals, so that fewer resources are spent on mining & processing new metal ores. So, the future is surely bright for us and innovation should always be there to push us towards new heights.
For more information on recycling scrap metals, contact us today.