Bulla y Salcedo Ingeniería, Merus Power’s local partner in Colombia, is at the forefront of introducing high-efficiency energy solutions to the Colombian steel industry. This partnership has enabled the implementation of the first reactive power compensation system in the country at Grupo Siderúrgico Reyna’s (GSR) steel facility, utilizing a static synchronous compensator, Merus® STATCOM.

The iron and steel industry is one of the pillars of the world economy, as steel is a very important material in sectors including construction, the automotive industry, aerospace, energy, and more. However, the steel industry is known to be very energy intensive. For this reason, it is imperative to implement measures to improve energy efficiency.

In the highly competitive world of steel manufacturing, optimizing production efficiency is crucial for success. Stainless steel plants, steel manufacturing plants, steel melting plants, steel mill plants, and steel plants alike strive to maximize output while minimizing costs and downtime.

Industry is the second largest source of CO2 emissions, with heavy industries like chemicals, steel, and cement responsible for nearly 60% of energy consumption. Energy efficiency is crucial for meeting climate targets in the EU, but can it alone decarbonize these sectors? This paper examines the role of energy-efficient technologies and necessary policy recommendations.

Vietnam plans to develop green and energy-saving steel products and increase the market share of domestically produced steel to gradually replace imported products.

The energy audit report conducted by Viet-Sing Steel in 2023 shows that the company's energy consumption is 0.4% lower than the energy consumption standard of the steel industry (as per Circular No. 20/2016/TT-BCT dated September 20, 2016, by the Ministry of Industry and Trade).

To promote steel exports to the European Union (EU) market, Vietnam's steel manufacturers need to optimise technology, save energy, and carry out product quality standards of the EU, according to Do Nam Binh, head of the Minerals and Metallurgy Division at the Department of Industry under the Ministry of Industry and Trade (MoIT).

On the afternoon of September 9, 2024, in Hanoi, a technical consultation meeting titled "Research Methods for Energy Usage Standards Development and Amendment in the Steel Industry" was organized.

Much of the discussion around energy efficiency tends to center on replacing inefficient devices with newer, more efficient components.

The American Iron and Steel Institute (AISI) reported on January 14 that the United States steel industry has achieved a new milestone in energy efficiency by reducing its energy intensity per ton of steel shipped by approximately 33 percent since 1990.

Vietnam Steel Association in collaboration with United Nations Industrial Development Organization (UNIDO) organized an International Conference on "Efficient use of resources and energy - roadmap for sustainable development technology for the steel industry in Vietnam" on March 5 and 6, in Hanoi.