Why a blast furnace is a key element in the development of the Japanese iron industry
The world’s biggest steelmaking companies are facing a challenge to their business model as their production technologies are increasingly adopted by domestic firms, a new report by the International Institute for Strategic Studies (IISS) has found.
The report, titled ‘The Industrial Revolution: Why Japan is the Iron Capital of the World’, argues that the global shift away from the use of large-scale, mechanised steelmaking and into more flexible and more efficient forms of production has driven down the price of iron to near-zero levels, but has left the world’s largest steelmakers in a precarious position.
It also found that Japan is “in a race against time” to overcome a huge domestic steel production backlog that will only increase as the world population ages.
“There is no other steel-producing country on Earth where there is a current glut of steel production, but we are the only one,” said IISS Director for Strategic Development, Peter Pudziereski.
“The Japanese steelmakers are not in a position to do without steel, so they are now going to have to find a way to fill that gap.”
It is the second report by IISS on the emerging global industrial revolution, following a report published last year.
The research is based on a comprehensive survey of more than 100 companies that have made up the industrial revolution to date, looking at the key challenges facing the industry and the industries they manufacture.
The Industrial Revolution is changing the way people work, but there is no shortage of challenges for companies like Japan’s ironmaking industry, according to the report.
The iron industry was one of the first industries to be industrialized after the Industrial Revolution, as the Japanese came to dominate a key industrial region.
The steel industry was created around 1850 and dominated by the first major steelmaker in Japan, Hironobu Ishiguro.
The Japanese economy has been a massive driver of global economic growth since the Second World War.
The country’s iron and steel industries account for over 40% of global production.
“It’s a big market and it’s a really important market for Japan, so if you want to be the largest steel producer in the world you need to have a good supply chain,” said Pudzyreski, the IISS director.
“You need to know where your steel comes from and how it’s going to be produced, and then you need a good price for it.
But even with the best steel production facilities, it is not always possible to compete in the global steel market. “
But it’s also a challenge of scale, which is really important because we don’t have enough people who can work on these huge projects.”
But even with the best steel production facilities, it is not always possible to compete in the global steel market.
“If you look at the world as a whole, there is only one steelmaker that has become the world leader in production of steel at the moment,” said James Clark, managing director at the Steel Research and Development Institute (SRDI), an independent steel consultancy.
“And that is China.
“So there is this huge problem that China has in terms of making steel cheaply and making it quickly enough for the US and other countries to use it. “
“In the US you’re getting your raw materials from China and then there is the question of the final assembly, and if you don’t make the final product fast enough, then the final cost goes up, and so the whole business model collapses. “
“Then you have the problem of getting your products to markets, which takes time and it can take a long period of time, so there is just a huge gap in the market between what China produces and what the rest of the world can produce. “
“For many years I have argued that the only way we can solve that gap is to get together all the manufacturers in this world and create an industry that is both competitive and efficient.” “
The report states that China’s rapid rise as a world steel producer is largely due to its use of a novel steel-making process called blast furnace iron manufacturing. “
For many years I have argued that the only way we can solve that gap is to get together all the manufacturers in this world and create an industry that is both competitive and efficient.”
The report states that China’s rapid rise as a world steel producer is largely due to its use of a novel steel-making process called blast furnace iron manufacturing.
The process uses a combination of steam and molten steel to produce iron at high temperatures, at which the molten iron can be cooled and mixed with iron powder.
The blast furnace process has been in use in the country for decades and is now being adopted in China as a key steelmaking technology.
It uses a process known as “hot-fire steaming” and is capable of producing iron at temperatures of up to 1,200 degrees Celsius, making it possible to use relatively cheap steel to make high-quality products.