Steelmaking Stocks List
Symbol | Grade | Name | % Change | |
---|---|---|---|---|
0APM | C | Danieli & C Officine Meccaniche SpA | 0.00 | |
0N4I | B | Danieli & C RSP | 0.00 | |
0K9L | F | Nucor Corp. | -0.43 | |
VSVS | B | Vesuvius Plc | 0.73 |
Related Industries: Steel
Symbol | Grade | Name | Weight | |
---|---|---|---|---|
SXLB | C | SPDR® S&P US Materials Select Sector UCITS ETF | 4.64 | |
IUMS | D | iShares S&P 500 Matrls Sect ETF USD Acc | 4.27 | |
IMSU | B | iShares S&P 500 Matrls Sect ETF USD Acc | 4.23 | |
PAVG | D | Global X U.S. Infrastructure Development UCITS ETF USD Dis GBP | 2.72 | |
PAVE | D | Global X U.S. Infrastructure Development UCITS ETF USD Acc | 2.68 |
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- Steelmaking
Steelmaking is the process of producing steel from iron ore and/or scrap. In steelmaking, impurities such as nitrogen, silicon, phosphorus, sulfur and excess carbon (most important impurity) are removed from the sourced iron, and alloying elements such as manganese, nickel, chromium, carbon and vanadium are added to produce different grades of steel. Limiting dissolved gases such as nitrogen and oxygen and entrained impurities (termed "inclusions") in the steel is also important to ensure the quality of the products cast from the liquid steel.Steelmaking has existed for millennia, but it was not commercialized on a massive scale until the late the 14th century. An ancient process of steelmaking was the crucible process. In the 1850s and 1860s, the Bessemer process and the Siemens-Martin process turned steelmaking into a heavy industry. Today there are two major commercial processes for making steel, namely basic oxygen steelmaking, which has liquid pig-iron from the blast furnace and scrap steel as the main feed materials, and electric arc furnace (EAF) steelmaking, which uses scrap steel or direct reduced iron (DRI) as the main feed materials. Oxygen steelmaking is fuelled predominantly by the exothermic nature of the reactions inside the vessel; in contrast, in EAF steelmaking, electrical energy is used to melt the solid scrap and/or DRI materials. In recent times, EAF steelmaking technology has evolved closer to oxygen steelmaking as more chemical energy is introduced into the process.
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