Nowadays, everyday usage includes a lot of steel products. From Cutlery and Furniture in homes to the Industrial Machinery, everything is either made up of fully or few components of it.
Steel is found in a very raw form in nature but cannot be in that form. We need to cast it into our desired shape and form to meet our needs. These castings are used to make surgical instruments also. The primary usage of this casting is in railways to make tracks. It is also used in construction to make the framework of our buildings, bridges, and flyovers, etc.
Steel usage is becoming more and more common day by day due to its durability and strength. And to meet the steel needs in the market steel casting industry is flourishing day and night to meet the needs of people.
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Foundry:
Steel casting requires to be done in a controlled environment. In this process, steel is melted, and then the molten form is poured into the mold of the desired shape. Then the molten steel is cooled. And here goes your finished product. This is done in a foundry. So we can say foundry to be a place where metal casting is done. There are many casting methods; one of them is the investment casting process which is very much adapted.
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Steel Casting Industry:
So the steel casting industry is flourishing day by day. Therefore they also play an essential in recycling loads of scrap metal every year, turning them into value able products. Sand is also used in this casting thing, so there is another form of recycling. With this industry flourishes a new sector of underground mining equipment used for raw metal extraction.
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Top 10 Steel Casting Industries:
To find out the rulers of steel casting industries, we need a lot of statistical data to choose our top 10. Many research companies do this worldwide, and information is published on different forums. Based on year-to-year data, here is the list of the entire ten steel casters worldwide. One type of cast can be more expensive than the other, so we don’t decide our inventory based on revenue. We did it based on volumes of steel produced.
According to Wikipedia, here is the list of the top 10; having a close look at the list, we got to know that china is ruling the industry.
China Baowu Steel Group:
- Located in China
- Produced 115.3 million tons of steel casts in the year 2020
ArcelorMittal:
- Located in Luxembourg
- Produced 78.5 million tons of steel casts in the year 2020, securing 2nd position in the top 10 list
Hesteel Group:
- Located in China
- They Produced 43.8 million tons of steel casts in 2020, securing 3rd position in the top 10 list. This amount is a drastic drop after 78.5 million.
Jiangsu Shagang:
- Located in China
- Produced 41.6 million tons of steel casts in the year 2020, securing 4th position in the top 10 list
Nippon Steel:
- Located in Japan
- It produced 41.6 million tons of steel casts in 2020, securing 5th position in the top 10 list. It creates the same amount as Jiangsu Shagang.The place comes after considering revenue.
POSCO:
- Located in South Korea
- They Produced 40.6 million tons of steel casts in 2020, securing 6th position in the top 10 list. There is a minor difference from the previous one.
Ansteel Group:
- Located in China
- Produced 38.2 million tons of steel casts in the year 2020, securing 7th position in the top 10 list
Jianlong Steel:
- Located in China
- Produced 36.5 million tons of steel casts in the year 2020, securing 8th position in the top 10 list
Shougang:
- Located in China
- Produced 34.0 million tons of steel casts in the year 2020, securing 9th position in the top 10 list
Shandong Iron and Steel Group:
- Located in China
- Produced 31.1 million tons of steel casts in the year 2020, securing 4th position in the top 10 list
Interesting Related Article: “Steel products for shipbuilding“
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