Solving the iron ore blending problem

Iron ore miners maximize value for their shareholders. This effectively means that the total net present value of profits from iron ore mining and magnetite pelletizing has to be maximized. As the mine produces iron ore in different grades but the down stream magnetite pelletizing and crude iron production has defined acceptance limits for ore […]

Analytics in the steel production value chain

This article highlights use cases of advanced analytics (i.e. machine learning, mathematical programming, and simulation) in the steel production value chain. Steel products play an important role in our daily life, ranging from real estate construction, agricultural equipment, automotive parts and frames, home appliances, and also e.g. aerospace structural components. Steel products are the results […]