Hyundai Steel Establishes Big Data-Based Electric Furnace Raw Material Management System

[Asia Economy Reporter Park So-yeon] Hyundai Steel is expanding the raw material operation optimization system to the electric furnace sector.

On the 27th, Hyundai Steel announced that it has established a raw material operation optimization system based on big data for the 120-ton electric furnace at Incheon Airport, following the blast furnace at its integrated steelworks.

This system replicates the actual raw material warehouse exactly using an electronic map, allowing the weight, grade, and location of steel scrap to be understood at a glance.

Previously, partial mixed storage of steel scrap with different grades was unavoidable. Additionally, workers visually checked the steel scrap according to the order sheet before loading it into the electric furnace.

As a result, it was difficult to accurately grasp the grade and quantity of steel scrap actually loaded, making it challenging to analyze product quality, operational impact, and cost calculation.

To solve these issues, Hyundai Steel installed partition walls inside the raw material warehouse to subdivide and store steel scrap by grade, and implemented this in the electronic map.

Furthermore, by installing laser sensors, the location of cranes transporting steel scrap is displayed in real time on the electronic map, enabling workers to instantly see which grade of steel scrap is stored and transported at each location.

All grades and information of steel scrap transported, stored, and loaded from the raw material warehouse are automatically entered into the electronic map and accumulated as data, which can be used as basic data for future quality optimization and operational improvement.

A Hyundai Steel official said, "By aggregating accurate data on steel scrap, it becomes possible to predict the required quantity by quality and analyze operations, which has a significant ripple effect on all processes before product production." He added, "In the short term, it can reduce unnecessary steel scrap input, and in the future, it will enable product quality prediction, thereby improving overall operational efficiency."

Hyundai Steel is considering building the system for electric furnaces at all business sites starting in the second half of this year. The company estimates that once the investment is completed, it will generate effects such as improved operational efficiency in the electric furnace sector, quality enhancement, and raw material purchasing cost reduction, saving more than 7 billion KRW in total.

This content was produced with the assistance of AI translation services.