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Steel Dynamics, Inc. Business Information, Profile, and History
6714 Pointe Inverness Way
Fort Wayne, Indiana 46804
U.S.A.
Company Perspectives:
We helped pioneer the continuous thin-slab casting technique of steel production that has been embraced by minimills the world over. Our innovative technical team continues to develop and refine our processes and equipment. We continually monitor operating results and make needed improvements. Our design/build management team is well respected in the American steel industry, having completed multiple mill projects on time and on budget. Our philosophy in designing production facilities is to hire the people early who are going to operate the plant and get them deeply involved in the design of plant layout and equipment.
History of Steel Dynamics, Inc.
Steel Dynamics, Inc. is a rising, vibrant force in the U.S. steel industry. Using scrap steel melted in electric arc furnaces, the company casts steel products used in buildings, automobiles, and other manufactured items. Hot-rolled, cold-rolled, and coated steel sheet products are produced by the company's flat roll division in Butler, Indiana, which uses a revolutionary thin-slab casting technology. The company's structural and rail division, located in Columbia City, Indiana, produces structural shapes and beams, as well as standard and premium rail used by North American railways. Its thin-slab technology is patterned after a process developed by a German equipment manufacturer, first utilized by U.S. steelmaker Nucor Corporation, where Steel Dynamics' three founders were employed prior to venturing out on their own.
Origins: The Early 1990s
"In 1993," wrote Keith Busse for the corporate web site, "my colleagues and I set out to do something that had not been done in the United States for many years." What he and his cofounders, Mark Millet and Richard Teets, Jr., were attempting to accomplish had not been achieved in a century. The three innovators, with Busse taking the lead, were attempting to start a new U.S. steel company without corporate backing, endeavoring to independently finance a start-up venture without preexisting financial credentials. Lacking the traditional means of support, the three founders parlayed their reputations and vision into a substantial amount of cash. By September 1993 Busse had raised $370 million. Busse succeeded in raising the capital because steel-savvy investors were well aware of what he, Millet, and Teets had achieved in Crawfordsville, Indiana, with a division of Nucor. Busse promised investors he would improve upon the revolutionary success achieved in Crawfordsville and better it with Steel Dynamics in Butler, Indiana.
Investors were more than willing to hand over millions of dollars to Busse because of his accomplishments at the Charlotte, North Carolina-based Nucor Corporation. Busse spent 21 years working for the celebrated steelmaker rising from division controller to general manager, eventually becoming vice-president and general manager of the Nucor Steel Division in Crawfordsville. Busse's leadership of the Crawfordsville operations occurred at an exciting time for Nucor and the steel industry's onlookers. A German equipment manufacturer, SMS, had developed a revolutionary steelmaking technique that turned melted steel into a continuous ribbon measuring roughly two inches thick. These ribbons, or "thin slabs," could be rolled into sheet steel faster and with substantially less machinery than the conventional 10-inch-thick slabs used by integrated steelmakers. In 1987 Nucor forged an agreement with SMS to build the world's first thin-slab minimill, a project to be headed by Busse and located in Crawfordsville.
As Busse took charge of the project, he gathered the team that would make steelmaking history. One of the first managers hired by Busse was Richard Teets, who joined Nucor in 1987 as engineering manager at Crawfordsville. Teets managed the design and construction of the new thin-cast slab facility, paying particular attention to ensuring that environmental and other standards were met during the design and construction processes. Mark Millet, who earned a degree in metallurgy from the University of Surrey, England, joined Nucor in 1981 when he began serving as the chief metallurgist for the company's division in Darlington, South Carolina. When Nucor entered its agreement with SMS, Millet was tapped to oversee the design, construction, staffing, and operation of the melting and casting facility.
The continuous thin-slab casting process proved to be a commercial success. The accolades drawn by the Crawfordsville operation spawned a host of emulators during the 1990s as many new minimill operations started up, hoping to ape the success achieved by Nucor. (Minimills, which operated at a lower cost than integrated steelmakers, used scrap metal to produce steel, whereas integrated steelmakers produced virgin metal from iron ore). Among the entrants was Steel Dynamics, led by Busse and his Nucor colleagues, which convincingly promised to improve upon the success at Crawfordsville. In a September 3, 2001 interview with Fortune magazine, Millet commented, "We had an acute and intimate knowledge of what worked and what the shortcomings were."
After securing the capital to finance the construction of a thin-slab minimill, a formidable task in itself, the next great challenge facing Busse was site selection for the Steel Dynamics plant. Profitability, the foremost aim of the company--"We are in the business to make money; we are not in the business to make steel," Millet remarked in the September 2001 Fortune article--depended greatly on keeping raw material, electricity, and labor costs low. Busse elected to establish the Steel Dynamics plant in the northwestern Indiana community of Butler, close to both automotive and other steel scrap supplies, which accounted for roughly half of the company's total production costs. One of the earliest investors, OmniSource, was a scrap merchant with whom Busse signed a long-term purchase agreement at favorable terms. Once the Butler plant was equipped with furnaces, securing inexpensive electricity became intrinsic to achieving profitability--one of the company's 190-ton electric arc furnaces consumed 100 megawatts of electricity in a single firing, enough to light up a small city. Again Busse secured a beneficial deal, signing an agreement with American Electric Power for 2.8 cents per kilowatt-hour, considered to be at the low end of the price scale paid by minimills. Steel Dynamics achieved perhaps its greatest success in its relationship with labor, but before agreements with production personnel took precedence, the company needed to build its plant.
The Butler Plant: 1994-96
With an initial capital cost of $275 million, the Butler plant began construction in the fall of 1994. On November 10, 1995, construction was completed and commercial operation began in January 1996. Both the cost and the 14-month construction period were record lows, providing evidence that Busse's dual roles as chief executive officer and president were being executed with skill. Financial losses were expected as the fledgling Steel Dynamics started out, but the speed at which the company became profitable greatly impressed analysts. During its first six months of operation, the company reported $14 million in operating losses, but the streak stopped there; by July 1996 Steel Dynamics broke even for the first time. In August, the company posted $1.75 million in net income, followed by the $2.45 million in September, beginning a pattern of escalating profitability that earned the esteem of many within the steel industry.
Company officials credited much of Steel Dynamics' initial and later success to its workforce. The company's employees were a motivated group, spurred to keep costs down and efficiency high by a number of incentive programs. Production workers were able to double their hourly rate if weekly production goals were met, which was not an uncommon management tactic employed by minimills, but Steel Dynamics went further to guarantee its employees performed at the highest standard. The company offered what it referred to as a "conversion bonus," which was a pay incentive for keeping costs down. "Everyone looks at cost and tries to find ways to keep it down," Barry Schneider, manager of engineering and services at Steel Dynamics, explained in the September 2001 profile in Fortune. "For instance," Schneider continued, "the guy who sticks the probe into the furnace to take its temperature knows each probe costs about $10. He's going to want to do that only once, not four times. If somebody sees oil dripping from something, they're not going to let it drip forever, because that's coming out of their pay." Aside from production bonuses and cost-containment bonuses, all employees also were given stock options twice a year and annual profit-sharing awards. "Steel Dynamics has a unique workforce that really busts its rump," remarked an analyst at Morgan Stanley Dean Witter in the same issue of Fortune.
By the end of 1996, once Steel Dynamics had begun to demonstrate consistent profitability, Busse was ready to sell the company on Wall Street. By December the company's losses had grown to $50.7 million since its September 1993 inception, and Busse wanted to clear the company from some of its debt. Busse hoped to raise $140 million from an initial public offering (IPO) of stock, earmarking $75 million for capital expansion and the remainder for refinancing the company's debt. Upon completion of the IPO, Steel Dynamics investors would still retain approximately 80 percent of the company's stock.
After the preparations for the company's IPO, Steel Dynamics began to hit its stride and recorded impressive financial and production increases. In 1997, shipments increased more than 50 percent, eclipsing 1.2 million tons. Sales for the year jumped as well, swelling by 66 percent to reach $420 million. Most impressive, the company's net income reached $43.9 million, obliterating the $9.8 million loss posted in 1996. In 1998, amid plant expansions in Butler, the company recorded another banner financial year. Shipments increased 18 percent to more than 1.4 million tons and sales grew by 23 percent, reaching $515 million.
Expansion in the 21st Century
Robust growth continued to characterize its progress as Steel Dynamics entered a new century. At a time when many steel- makers were suffering, Steel Dynamics reported glowing financial figures for 2000, with profits up 36 percent to $54 million and sales up 12 percent to $693 million. Recessive economic conditions entangled the company the following year--but compared to the injuries suffered by many of its rivals--the problems were minor. Between 1998 and 2001, 19 steelmakers filed for bankruptcy, a figure representing 25 percent of U.S. capacity. For further relief, Busse and his management team could compare their company's performance against that of Nucor. According to analysts at Morgan Stanley Dean Witter, Steel Dynamics was recording an operating profit per ton of $55 compared to Nucor's average of $43 per ton.
Management pressed boldly ahead in 2001, even as the company's growth abated. In May 2001 the company began constructing a $315 million structural steel and rail mill in Columbia City, Indiana. Construction of the plant progressed "well ahead of schedule," according to Busse in the April 22, 2002 issue of American Metal Market. Completed in May 2002, the new facility was expected to produce approximately 200,000 tons of structural products by the end of the year. Construction and equipment installation for the rail portion of the mill were slated for late 2002, with rail production scheduled for early 2003.
The completion of the new mill in Columbia City represented only one of the highlights enjoyed by Steel Dynamics in 2002. Financial vitality returned, resuming the prolific pace of growth that had characterized the late 1990s. In the second quarter of 2002, the company's net income reached $17.7 million. For the first six months of 2002, Steel Dynamics' net income more than tripled on a 22 percent increase in sales, providing strong indications that robust growth lay in the company's future. As Busse prepared for the company's second decade of existence, he began to contemplate growing Steel Dynamics through acquisitions. "We are looking at other good companies," he informed American Metal Market on February 4, 2002. "We've talked to a number of people and looked at a lot of things. That [acquiring companies] may be the way to grow in the future."
Principal Subsidiaries: Iron Dynamics, Inc.
Principal Competitors: Commercial Metals Company; Nucor Corporation; United States Steel Corporation.
Related information about Steel
The chief alloy of iron, and the most used of all metals. It
consists of iron hardened by the presence of a small proportion of
carbon. It was made in small amounts in ancient times by heating
cast-iron to reduce surface carbon, and was later made in crucibles
in small quantities for tools. Steel production began in China
before the 6th-c AD. Western large-scale
manufacture for constructional purposes began with the Bessemer
process (1856 onwards). Most steel used today is a simple carbon
steel, but there exist many special steels formed by the
addition of other metals, such as high alloy steels for tools, and
stainless steel (with nickel and chromium).
otheruses
Steel is a metal
alloy whose major
component is iron, with
carbon content between
0.02% and 1.7% by weight. Carbon is the most cost effective
alloying material for iron, but many other alloying elements are
also used. Carbon and other elements act as a hardening agent,
preventing dislocations in the iron atom crystal lattice from
sliding past one another. Varying the amount of alloying elements
and their distribution in the steel controls qualities such as the
hardness, elasticity, ductility, and tensile strength of the
resulting steel. Steel with increased carbon content can be made
harder and stronger than iron, but is also more brittle. Alloys with higher
carbon content than this are known as cast iron because of their lower melting point.
Steel is also to be distinguished from wrought iron with little or
no carbon, usually less than 0.035%.
Iron and steel
Iron, like most metals, is
not found in the Earth's
crust in an elemental
state. Iron can be found in the crust only in combination with
oxygen or sulfur. Typically
Fe2O3—the form
of iron oxide (rust)
found as the mineral
hematite, and
FeS2—Pyrite (fool's gold). This process, known as smelting, was first applied to
metals with lower melting points. Copper melts at just over 1000 °C, while tin melts around 250 °C. Unlike copper and tin, liquid
iron dissolves carbon quite readily, so that smelting results in an
alloy containing too much carbon to be called steel.
Even in the narrow range of concentrations that make up steel,
mixtures of carbon and iron can form into a number of different
structures, or allotropes, with very different properties; At room
temperature, the most stable form of iron is the body-centered cubic
(BCC) structure ferrite or ?-iron, a fairly soft metallic material that
can dissolve only a small concentration of carbon (no more than
0.021 wt% at 910 °C). Above 910 °C ferrite undergoes a phase transition from
body-centered
cubic to a face-centered cubic (FCC) structure, called austenite or ?-iron, which is
similarly soft and metallic but can dissolve considerably more
carbon (as much as 2.03 wt% carbon at 1154 °C). One way for carbon
to leave the austenite is for cementite to precipitate out of the mix, leaving behind iron that is
pure enough to take the form of ferrite, and resulting in a
cementite-ferrite mixture. Self-reinforcing patterns often emerge
during this process, leading to a patterned layering known as
pearlite due to its
pearl-like appearance, or
the similar but less beautiful bainite.
Perhaps the most important allotrope is martensite, a chemically
metastable substance
with about four to five times the strength of ferrite. As such, it
requires extremely little thermal activation energy to
form.
The heat treatment process for most steels involves heating the
alloy until austenite forms, then quenching the hot metal in water or oil, cooling it so rapidly that the transformation to
ferrite or pearlite does not have time to take place. Internal
stresses from this expansion generally take the form of compression on the
crystals of martensite and tension on the
remaining ferrite, with a fair amount of shear on both constituents. Nickel and manganese in steel add to its
tensile strength and make austenite more chemically stable,
chromium increases the
hardness and melting temperature, and vanadium also increases the hardness while reducing the
effects of metal
fatigue. Large amounts of chromium and nickel (often 18% and
8%, respectively) are added to stainless steel so that a hard oxide forms on the metal
surface to inhibit corrosion. Tungsten interferes with the formation of cementite,
allowing martensite to form with slower quench rates, resulting in
high speed
steel. On the other hand sulfur, nitrogen, and phosphorus make steel more brittle, so these commonly
found elements must be removed from the ore during
processing.
When iron is smelted from its ore by commercial processes, it
contains more carbon than is desirable.
History of iron and steelmaking
Iron was in limited use
long before it became possible to smelt it. The first signs of iron
use come from Ancient
Egypt and Sumer, where
around 4000 BC small
items, such as the tips of spears and ornaments, were being fashioned from iron recovered from
meteorites (see
Iron: History).
About 6% of meteorites
are composed of an iron-nickel alloy, and iron recovered from meteorite falls
allowed ancient peoples to manufacture small numbers of iron
artifacts.
Meteoric iron was also fashioned into tools in precontact North America. Beginning
around the year 1000, the
Thule people of Greenland began making
harpoons and other edged
tools from pieces of the Cape York meteorite. When the American polar explorer
Robert Peary
shipped the largest piece of the meteorite to the American
Museum of Natural History in New York City in 1897, it still weighed over 33 tons.
The name for iron in several ancient languages means "sky metal" or
something similar. In distant antiquity, iron was regarded as a
precious metal, suitable for royal ornaments.
The Iron Age
Beginning between 3000
BC to 2000 BC
increasing numbers of smelted iron objects (distinguishable from meteoric iron
by their lack of nickel)
appear in Anatolia,
Egypt and Mesopotamia (see Iron: History). The
oldest known samples of iron that appear to have been smelted from
iron oxides are
small lumps found at copper-smelting sites on the Sinai Peninsula, dated
to about 3000 BC.
In Anatolia, smelted
iron was occasionally used for ornamental weapons: an iron-bladed
dagger with a bronze hilt has been recovered from a Hattic tomb dating from 2500 BC. Also, the Egyptian ruler Tutankhamun died in 1323 BC and was buried with an
iron dagger with a golden hilt. An Ancient Egyptian
sword bearing the name of
pharaoh Merneptah as well as a
battle axe with an
iron blade and gold-decorated bronze haft were both found in the
excavation of Ugarit (see
Ugarit). The early
Hittites are known to
have bartered iron for
silver, at a rate of 40
times the iron's weight, with Assyria.
Iron did not, however, replace bronze as the chief metal used for
weapons and tools for several centuries, despite some attempts.
Then, between 1200 and
1000 BC, iron tools and
weapons displaced bronze ones throughout the near east. This
process appears to have begun in the Hittite Empire around
1300 BC, or in Cyprus and southern Greece, where iron artifacts
dominate the archaeological record after 1050 BC. Mesopotamia was fully into the Iron Age by 900 BC, central Europe by
800 BC. Egypt, on the other hand, did not
experience such a rapid transition from the bronze to iron ages:
although Egyptian smiths did produce iron artifacts, bronze
remained in widespread use there until after Egypt's conquest by
Assyria in 663 BC.
Iron smelting at this time was based on the bloomery, a furnace where
bellows were used to
force air through a pile of iron ore and burning charcoal. The carbon monoxide produced
by the charcoal reduced the iron oxides to metallic iron, but the
bloomery was not hot enough to melt the iron. The result of this
time-consuming and laborious process was wrought iron, a malleable
but fairly soft alloy containing little carbon.
Wrought iron can be carburized into a mild steel by holding it in a
charcoal fire for prolonged periods of time. The oldest
quench-hardened steel artifact is a knife found on Cyprus at a site dated to
1100 BC. Around 500 BC, however, metalworkers in
the southern state of Wu developed an iron smelting technology that would not
be practiced in Europe until late medieval times. As a liquid, iron
can be cast into
molds, a method far less
laborious than individually forging each piece of iron from a
bloom.
Cast iron is rather brittle and unsuitable for striking implements.
The artifacts recovered from this grave are variously made of
wrought iron, cast iron, malleabilized cast iron, and
quench-hardened steel, with only a few, probably ornamental, bronze
weapons.
During the Han
Dynasty (202
BC窶鄭D 220), Chinese
ironworking achieved a scale and sophistication not reached in the
West until the eighteenth century. (In Chinese, the process
was called chao, literally, stir frying.)
Also during this time, Chinese metallurgists had found that wrought
iron and cast iron could be melted together to yield an alloy of
intermediate carbon content, that is, steel.
Steelmaking in India and Sri Lanka
Perhaps as early as 300
BC, although certainly by AD
200, high quality steel was being produced in southern India also by what Europeans would
later call the crucible technique. forged or cast in the 4th century AD, and which
has stood for many centuries next to the Qutab Minar in the Qutb complex in Delhi, is a testimony of the
metallurgical skills of Indian artisans.
Steelmaking in the Middle East
By the 9th
century, smiths in the Abbasid caliphate had developed techniques for
forging wootz to produce
steel blades of unusual flexibility and sharpness (Damascus
steel).
Ironworking in medieval Europe
The middle ages in Europe saw the construction of progressively
larger bloomeries. By the 8th century, smiths in northern Spain had developed a style that
become known as a Catalan forge, a furnace about 1 meter (3 feet) tall,
capable of smelting up to 150 kg (350 lb) of iron in each batch. In
succeeding centuries, smiths in the Frankish empire and
later the Holy
Roman Empire scaled up this basic design, increasing the height
of the flue to as tall as 5 meters (16 feet) and smelting as much
as 350 kg (750 lb) of iron in each batch. To this end, waterwheels were employed to
power the bellows and hammers.
Eventually, the scaling up of the bloomery reached a point where
the furnace was hot enough to produce cast iron. Although the
brittle cast iron may initially have been a nuisance to the smith,
as it was too brittle to be forged, the spread of cannons to Europe in the 1300s
provided an application for iron casting: cast iron
cannonballs.
The oldest known blast furnace in Europe was constructed at
Lapphyttan in Sweden,
sometime between 1150 and 1350. Other early European blast furnaces
were built throughout the Rhine valley: blast furnaces were in operation near
Liティge (a
city in modern-day Belgium) in the 1340s, and at Massevaux in France by 1409.
The first English blast furnace was not built until 1491, when Queenstock furnace was
built at Buxted, followed by one commissioned Henry VII at
Newbridge, in 1496 in a
part of Sussex known as
the Weald. In 1543, William Levett, an
English rector who doubled as a Wealden ironmaster , and Peter Baude, a French craftsman in Henry VIII's
employ, cast the Weald's first one-piece iron cannon. The
superiority of English cannons over Spanish ones has been credited
as one factor in England's 1588 defeat of the Spanish Armada.
In 1619, Jan Andries
Moerbeck, a Dutch ironmaster, began importing Wealden iron ore for
comparison to the ore available on the Continent.
Soon after that it was found that the best steel could only be
produced by buying expensive テカrgrund (or oregrounds) iron from
Sweden. This Swedish iron
provided the main basis for English steelmaking until the 1850s
Benjamin
Huntsman in the 1740s
found a method of producing a more homogeneous steel. He made this
discovery at Handsworth in England. Sheffield's Abbeydale
Industrial Hamlet has preserved a waterwheel powered,
scythe-making works dating from Huntsman's times. King, 'The cartel
in oregrounds iron' Journal of Industrial History 6 (2003),
25-48.
Ironmaking in early modern Europe
From the 16th
century to the 18th
century, most iron was made by a two-stage process involving a
blast furnace and
finery forge, using
charcoal as fuel. In 1709
Abraham Darby
began smelting iron using coke, a refined coal product, in place of charcoal at his ironworks at Coalbrookdale in England. It was not until the
1750s, when Darby's son,
also called Abraham, managed to start selling coke-smelted pig iron for the production of
wrought iron in finery
forges. In particular, the form of coal-fired puddling furnace
developed by the British ironmaster Henry Cort in 1784 made it possible to convert cast iron into wrought
iron in large batches (without charcoal), rendering the ancient
finery forge
obsolescent.
Industrial steelmaking
The problem of mass-producing steel was solved in 1855 by Henry Bessemer, with the
introduction of the Bessemer converter at his steelworks in Sheffield, England. In the Bessemer
process, molten pig iron from the blast furnace was charged into a
large crucible, and then air was blown through the molten iron from
below, igniting the dissolved carbon from the coke. After the carbon
content in the melt had dropped to the desired level, the air draft
was cut off: a typical Bessemer converter could convert a 25-ton
batch of pig iron to steel in half an hour.
In 1867, the German-British engineer Sir William Siemens
introduced an improved puddling furnace – The next year Pierre and Émile Martin, French
ironmasters who had licensed Siemens' furnace design, developed a
method for measuring the carbon content of molten iron. Reasons for
this include its ability to recycle scrap
metal in addition to fresh pig iron, its greater scalability
(up to hundreds of tons per batch, compared to tens of tons for the
Bessemer process), and the more precise quality control it
permitted.
Initially, only ores low in phosphorus and sulfur could be used for
quality steelmaking; This problem was solved in 1878 by Percy Carlyle
Gilchrist and his cousin Sidney Gilchrist
Thomas at the ironworks at Blaenavon in Wales. Their modified Bessemer process used a converter
lined with limestone
or dolomite, and
additional lime was added to the molten metal as a Flux. This
development expanded the range of iron ores that could be used to
make steel, especially in France and Germany, where high-phosphorus ores abounded.
Finally, the basic oxygen process was introduced at the Voest-Alpine
works in 1952; The top three steel-producing
countries were China (349.4 mmt), Japan (112.5 mmt) and the
United States (93.9 mmt) (see chart below).
Until these 19th
century developments, steel was an expensive commodity and only
used for a limited number of purposes where a particularly hard or
flexible metal was needed, as in the cutting edges of tools and
springs. Mild steel ultimately replaced wrought iron for almost all
purposes, and wrought
iron is not now (or is hardly now) made. Stainless steel was only
developed on the eve of the First World War and only began to come into
widespread use in the 1920s.
Types of steel
Alloy steels were known from antiquity, being nickel-rich iron from meteorites hot-worked into
useful products.
Historic types
- Damascus
steel, which was famous in ancient times for its durability
and ability to hold an edge, was created from a number of
different materials (some only in traces), essentially a
complicated alloy with iron as main component.
- Blister steel - steel produced by the cementation
process
- Crucible steel - steel produced by Benjamin Huntsman's
crucible
technique
- Styrian Steel, also called 'German steel' or 'Cullen steel'
(being traded through Cologne) was made in Styria in Austria by fining cast
iron from certain manganese-rich ores.
- Shear steel was blister steel that was broken up, faggotted,
heated and welded to produce a more homogeneous
product
Contemporary steel
- Carbon steel,
composed simply of iron and carbon accounts for 90% of steel
production.
- HSLA steel
(high strength, low alloy) have small additions (usually <2%
by weight) of other elements, typically 1.5% manganese, to provide
additional strength for a modest price increase.
- Low alloy
steel is alloyed with other elements, usually molybdenum,
manganese, chromium, or nickel, in amounts of up to 10% by weight
to improve the hardenability of thick sections.
- Stainless
steels and surgical stainless steels contain a minimum of 10%
chromium, often
combined with nickel,
to resist corrosion
(rust).
- Tool steels are
alloyed with large amounts of tungsten and cobalt or other
elements to maximize solution hardening, allow precipitation
hardening and improve temperature resistance.
- Advanced High Strength Steels
- Complex Phase Steel
- Dual
Phase Steel
- TRIP
steel
- TWIP
steel
- Maraging
steel
- Eglin
Steel
- Ferrous superalloys
- Hadfield steel (after Sir Robert Hadfield) or Manganese steel, this contains 12-14% manganese
which when abraded forms an incredibly hard skin which resists
wearing. Some examples are tank tracks, bulldozer blade edges and cutting blades on the
jaws of
life.
Though not an alloy, there exists also galvanized steel,
which is steel that has gone through the chemical process of being
hot-dipped or electroplated in zinc for protection against rust.
The relatively soft core helps in ductility of the steel while
treated skin has good weldability to suit to the construction
requirements.
Production methods
Historical methods
- bloomery
- pattern
welding
- catalan
forge
- wootz steel
(crucible
technique): developed in India, used in the Middle East where it was known as Damascus
steel.
- Cementation process used to convert bars of wrought
iron into blister steel.
- crucible
technique, similar to the wootz steel, independently
redeveloped in Sheffield by Benjamin Huntsman in c.1740, and Pavel Anosov in
Russia in
1837.
- Puddling
Modern methods
- Electric
arc furnace a form of secondary steelmaking from scrap,
though the process can also use direct-reduced iron
- Production of pig
iron using blast
furnace
- Converters (steel from pig iron):
- Bessemer
process, the first large-scale steel production process for
mild steel.
- The Siemens-Martin process, using an Open hearth
furnace
- Basic
oxygen steelmaking
Uses of steel
Historically
Steel was expensive and was only used where nothing else would
do, particularly for the cutting edge of knives, razors, swords,
and other tools where a hard sharp edged was needed. It continues
to be used in many situations, though the new availabilty of
plastics during the
20th century has
meant that it has ceased to be used for some.
Long steel
- Wires
- Rail
tracks
- As girders in building modern tall buildings, bridges
Flat carbon steel
- For the inside and outside body of cars, trains
- Major
appliances
Stainless steel
See also
- Structural
steel
- Rolling (metalworking)
- Cold
rolling
- Hot
rolling
- Steel
producers
- Steel
mill
- Rolling
mill
- Foundry
- Tinplate
- Global steel industry trends
Chronology
- Key Dates:
-
1993: Three Nucor Corporation executives form Steel Dynamics.
-
1996: The thin-slab minimill in Butler, Indiana, begins commercial operation.
-
1997: Steel Dynamics reports its first annual profit.
-
2001: Construction of a structural steel and rail plant begins in Columbia City, Indiana.
-
2002: The Columbia City plant begins operation.
Additional topics
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