Finex and Corex furnaces.

As in the past we found few questions on furnaces and felt to add this to those messages.

Just today I read an interesting second page article in newspaper on Finex furnace which are new generation furnaces without ovens able to operate using fine coal instead of the traditional coking coal which is a high pollutant. Using this furnace the energy cost and pollution is reduced. And yet it does produce the pig iron suitable for high grade steels.

Posco with Siemens, then VAI has developed this in the past 10 years spending heavily and Posco's new plant in India and Vietnam are planned to be build with these Finex furnaces. This is a modification of Corex furnaces as per the article.

They claim the cost is reduced by 10% in overall and as the current fine coal price and coking coal price gap is increasing, they hope it should be more profitable in the coming years.

Good for Nature and Environment and in having a competitive steel price.

Regards,
Kannan.