FUTURE RAW MATERIALS NEEDS OF THE AMERICAN STEEL INDUSTRY

The recent difficulties with supplies of energy are also stimulating a concern about future supplies of raw materials and fuels necessary to support the domestic production of steel which is essential to the well-being of the U.S. economy. This paper reports a portion of the results of an extended study of the future needs of the American steel industry for raw materials and fuels. The study is a continuing program on the matter which is supported by the U.S. Bureau of Mines at the MIT. The work includes the development of a model to determine the requirements for raw materials by the domestic steel industry. This contribution contains an analysis of major factors that may determine the needs of the industry for supplies of iron-bearing raw materials and hot metal in the next 2 to 15 years. The analysis indicates that a number of the trends in the steel industry will probably result in a decrease in the annual net available scrap in the years ahead as compared to conditions existing in 1970-1972. If the industry installs blast furnace capacity to match the needs of new steelmaking units in the ratio of BOF to EF = 3 to 1, there will be a modest decrease in the net available scrap by 1979-1980. This decrease will be about the same for growth rates of two to three percent in the consumption of finished steel.

  • Authors:
    • ELLIOTT, J F
  • Publication Date: 1975-4

Media Info

  • Features: References;
  • Pagination: p. 33-42
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00127626
  • Record Type: Publication
  • Source Agency: Engineering Index
  • Files: TRIS
  • Created Date: Dec 16 1975 12:00AM