Russia's Metalloinvest - a major global supplier of iron ore, pig iron and hot-briquetted iron (HBI) - will replace two existing electric-arc furnaces (EAFs) at its Ural Steel asset in 2019, the company said on Wednesday June 20.
The furnaces will be transitioned to using flexible modular furnace (FMF) technology, which will provide flexibility in the use of various charge components, with the possibility of increasing the share of hot metal in the charge to 85%, according to Metalloinvest. "FMF technology allows the reduction of consumption of electrical energy and electrodes at the furnaces to zero, with the furnace operating with 85%...