Electric Arc Furnaces Market: Repository of Analysis and Information for Every Facet of the Market 2019 - 2027
Global Electric Arc Furnaces Market Electric arc furnace is a high-temperature furnace that is primarily used to produce crude steel with high voltage electric arcs in steel mini-mills Electric arc furnace recycle steel scrap and direct reduced iron and mixture of scrap iron into new steel products Global Electric Arc Furnaces Market Dynamics Expansion of power supply infrastructure is considered to be a key factor promoting the demand for electric arc furnaces In emerging countries, including China and India, capacities of power generation installations have been rising prominently since 2010 owing to the installation of ultra-supercritical thermal power plants and modernization of existing power plants. Therefore, most leading steel producing countries have surplus electric power that is used to cater to the electricity needs of mini-mills. Globally, steel is produced using two routes, namely BF-BOF (blast furnace- basic oxygen furnace) route and EAF (electric arc furnace...