Millcon and KOBELCO partner for special grade Green Steel

Matichon•Economy•5d ago

Reader Briefing

Millcon Steel collaborates with KOBELCO to enhance the production of high-value special grade steel using EAF and LF technologies.

•Millcon Burapa and Kobelco Millcon Steel partner to produce high-quality special grade steel.
•The collaboration focuses on technical support from KOBELCO to increase domestic production capacity and reduce imports.
•Millcon utilizes Electric Arc Furnace (EAF) and Ladle Furnace (LF) technologies to improve steel quality and chemical composition.
•The initiative follows a Green Steel concept using recycled scrap iron to support a circular economy.

Overview

•Millcon Burapa, a subsidiary of Millcon Steel, is collaborating with Kobelco Millcon Steel, a group company of KOBELCO from Japan.
•The partnership aims to increase the production of high-value special grade steel to meet industrial demands and reduce reliance on imports.
•Millcon Steel employs Electric Arc Furnace (EAF) technology, which can be extended from general construction steel to special grade steel.
•Millcon Steel integrates Ladle Furnace (LF) systems as a second-stage refining process to precisely control temperature, chemical composition, and impurities.
•Prawit Horrungruang stated that the collaboration shifts the Thai steel industry from competing on volume and price to competing on quality, technology, and innovation.
•Millcon Steel adopts the Green Steel concept by using recycled scrap iron as the primary raw material via EAF technology.
•The use of EAF technology for recycling scrap iron helps reduce the use of new natural resources and supports a circular economy.
•The production process using EAF has the potential to reduce greenhouse gas emissions compared to traditional iron ore production.

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Key Quotes

Prawit Horrungruang

"EAF technology is not limited to general construction steel production, but has the potential to be used for producing special grade steel requiring specific properties."

เทคโนโลยี EAF ไม่ได้จำกัดอยู่เพียงการผลิตเหล็กก่อสร้างทั่วไป แต่มีศักยภาพในการนำไปใช้ผลิตเหล็กเกรดพิเศษที่ต้องการคุณสมบัติเฉพาะ

Prawit Horrungruang

"We want to push the concept of 'From Thai Scrap to Special Steel,' turning Thai scrap iron into value-added special grade steel."

เราต้องการผลักดันแนวคิด From Thai Scrap to Special Steel เปลี่ยนเศษเหล็กไทยให้เป็นเหล็กเกรดพิเศษที่มีมูลค่าเพิ่ม

Key Entities

Person

Prawit Horrungruang(ประวิทย์ หอรุ่งเรือง)

President of Millcon Steel Public Company Limited.

Organization

Millcon Steel Public Company Limited(บริษัท มิลล์คอน สตีล จำกัด (มหาชน))

A public company listed as MILL that produces steel and utilizes EAF technology.

Millcon Burapa Company Limited(บริษัท มิลล์คอน บูรพา จำกัด)

A subsidiary of Millcon Steel involved in the collaboration with Kobelco Millcon Steel.

Kobelco Millcon Steel Company Limited(บริษัท โคเบลโก้ มิลล์คอน สตีล จำกัด)

A company in the KOBELCO group that provides technical support for special grade steel production.

KOBELCOℹ️

A Japanese group providing technical support to enhance steel production capabilities in Thailand.

Place

Japan(ญี่ปุ่น)ℹ️

The country where the KOBELCO group is based.