GM Steel has an in-principle agreement with Danieli, a globally renowned steel technology specialist, to be our technology partner.
Danieli are experts in Electric Arc Furnace (EAF) Technology. The Scrap EAF method presents a more sustainable method of steel production compared to the traditional blast furnace method.
Scrap-EAF V Traditional Blast Furnace
The comparison chart below shows how the use of EAF results in a reduction of carbon emissions by 60-69% thanks to a more efficient manufacturing method.
Expected Benefits of EAF
- Lower energy consumption and CO2 emissions
- Highest energy savings up to 1.2 GJ/tonne
- Higher yield & product quality
- Production consistency
- Quick plant start-ups
- Efficient production ramp-up reaching and maintaining 100% of capacity in a range of 3-8 months
- Maximised efficiency up to 99% yield
- Operation costs savings (up to 20% compared to conventional method)
- No billet stock/handling (and working capital cost)
- Reduced labour requirements in casting and rolling