N-SIDE is pleased to announce the official start of the collaboration with Minmetals Yingkou Medium Plate Co. for a fully customized implementation of N-SIDE Steel Cost Optimization solution (SCOOP).
This implementation will provide a powerful strategic decision support system for optimizing raw materials procurement and sinter/blast furnace burdens at Minmetals Yingkou Medium Plate Co. plant.
N-SIDE Steel Cost Optimization solution – SCOOP- covers the entire value chain of steel production, from raw material selection based on quality, price and market availability to end product portfolio. Based on a sophisticated mathematical programming model that unifies both technical and economic constraints, the solution considers simultaneously not only raw material properties, process chemical / thermal balance, gas distribution and product quality, but also raw material prices, operating costs and sales revenue. N-SIDE SCOOP supports steel makers’ decisions for optimal procurement, sales & operations strategies as well as production planning in order to maximize their overall plant profit.
Back in early 2017, a feasibility study was conducted based on actual operation data at Minmetals Yingkou Medium Plate Co. The results showed great potentials of cost savings for the sinter plant especially from the raw material selection and blending perspective. With great vision and support of the plant senior management, N-SIDE is now starting the fully customized N-SIDE SCOOP implementation project with extended scope to include blast furnaces in its ironmaking plant.
“This week’s implementation flags a significant milestone for N-SIDE that successfully officially makes its first footprint in starts its penetration into the Chinese market, whose crude steel production recorded 831.7 Mt in 2017, counting for approximately half of worldwide production.” said Dr. Yale Zhang, Consulting Manager at N-SIDE.
N-SIDE will collaborate closely with Minmetals Yingkou Medium Plate Co. to deliver the maximum added value out of the N-SIDE SCOOP solution to best meet Chinese client requirements.”
Would you like to know more about the N-SIDE Steel Cost Optimization solution? Visit our website to discover the potential savings for your plant and ask for a demo via our contact form below.
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