The Metinvest Group saves around $50 million a year due to digitalization projects that it implements at its plants. Metinvest Digital implemented a series of pilot projects revealing the Company’s digitalization potential.
Yuriy Ryzhenkov, Metinvest CEO: “We focused on big data and key processing technologies and are seeking to involve all the stakeholders wherever possible.”
- One of the projects provided a mathematical model of the optimal composition of coal charge for coke production. This resulted in a reduction of the cost of coal charge by 1.1%. In yearly terms, this solution enables a saving of around $20 million.
- Another project provided for using artificial intelligence to control the temperature in blast furnaces. The effect of the project was a reduction of silicon content in pig iron from 0.65% to 0.50%. This allows annual savings of up to $30 million.