Low cost Steel invention

ECT has the MATMOR technology and its coming to market very soon.

I just wonder if the Indians are dropping bread crumbs for us to follow ?
"India can become a global leader in steel on the base of sound technology, logistics and enabling environment


India’s growing economic dynamism requires a productive and best-in-class steel industry that will help push growth to the 8-10 per cent region. On one hand, we are seeing tempering of demand in countries such as China, slow abatement of global over-capacity and de-intensification of steel in the economies. On the other, we see India sitting on the cusp of steel industry growth.
Technology, productivity, economics and policy will play the determining role in establishing India as one of the most productive steel-producing nations in the world. However, that does not mean that India should set its ambitions to rival China in capacity. Nor does it mean that we devote our energies to claim bragging rights in producing value added specialised steels – unless of course strategic considerations for the nation demand it."

https://www.thehindubusinessline.co...excellence-can-be-a-steel/article23589294.ece

"we consume more than 6 Gcal/ton of energy and emit over 2 t of carbon/ton of steel and so on. We must focus on operations improvement, energy, carbon efficiency and productivity as an essential imperative for competitiveness."

Enter MATMOR

"Current processes can’t utilise iron-rich fines and wastes without expensive pre-processing.
Matmor liberates this typically stranded, ‘waste’ resource in an efficient, cost-effective manner, while simultaneously decoupling steelmaking from relatively expensive coking coal.
The Matmor plant, incorporating Coldry as its front-end raw material preparation stage, is up to 40% less capital intensive than an equivalent capacity Blast Furnace or Coal-based DRI plant.
Relatively low operating temperatures reduce the capital cost of plant and smaller equipment sizes, when compared to existing steel production processes, result in reduced land area requirements.
Matmor’s efficient reaction kinetics result in lower reductant requirements when compared to Direct Reduced Iron (DRI) technologies."


I really feel ESI holders are due more info on the whole MATMOR process .

As the saying goes --- Tick Tock *