Nucor’s competitors in the thin slab casting business would include the integrated steel giants that already had a presence in the flat sheet market the prospects for profitability were good perhaps. Nucor's original thin-slab-casting mill at crawfordsville cost about $700 million to build the castrip plant should cost about $250 million castrip aims to make money on 500,000 tons per year. Abstract this paper studies the order of adoption of a process innovation, thin-slab casting, by us steel makers a game-theoretic model of technology adoption with capacity constraints indicates that incumbents are likely to trail entrants in adopting process technologies that reduce the minimal scale required to compete.
Nucor at a crossroads essay sample on december 7, 1986, f kenneth iverson, chairman and chief executive officer (ceo) of nucor corporation, awaited a delegation from sms iverson had to decide whether to commit nucor to a new steel mill that would commercialize thin-slab casting technology developed by sms. Nucor steel, decatur, alabama nucor steel is the goali industry partner of this project we are implementing and testing our new models in their plant first, with their help and support efficient fundamental model of solidification and temperature in thin slab casting: con1d the control system is based on a software sensor, which is based. Nucor steel indiana construction & commissioning nucor, the company worldrenowned for their pioneering development of the thin- slab casting process in - the early 1980’s, now has the distinction of being the first licensee of the revolutionary castrip® technology.
Recommendation for nucor: build the thin-slab casting plant based on all of the aforementioned competitive considerations, nucor should accept the risks associated with investing in csp technology and build a thin-slab casting plant. Nucor steel indiana construction & commissioning nucor, the company world-renowned for their pioneering development of the thin-slab casting process in the early 1980’s, now has the distinction of being the first licensee of the revolutionary castrip® technology. Now nucor berkeley can expand its product range and simultaneously reduce energy consumption what the induction heating units do is increase the thin slab temperature directly before rolling this means nucor steel achieves greater reductions per pass and can expand its range of thin-gage products. Thin slab casting and rolling technology has been developing toward two directions: ultra-thin strip production and multiple steel grades production. Welcome to sms siemag’s symposium on csp ® technology in 1989, nucor was the first company to invest in the new technology the prime focus of nucor was on the profitability ship in thin slab casting and rolling technology 2 7 e nergy consumption [k w h/t.
Electric arc furnace was attractive because the labor and capital requirements to melt steel scrap and produce crude steel were far lower than those at conventional integrated steel mills thin slab casting process substantially reduced necessary capital investment and costs forbes magazine described nucor’s pioneering use of thin slab casting. Nucor made major strides like the mini-mill and thin-slab casting of flat-rolled steel whether that kind of technology would have been given a chance to succeed in a different culture is hard to say. The introduction of thin-slab casting, which accounts for a large portion of flat-rolled steel the creation of castrip, a thin-strip casting technology that converts molten steel directly into solid sheets, reducing energy use and maximizing manpower.
Concept for thin slab technology production (csp®) plant in 1989 at nucor in crawfordsville, usa, this technology from sms siemag has evolved into a standard process for the manufacture csp® is a compact plant concept comprising a casting machine, a roller-hearth furnace and a rolling mill thin slabs, 50-90mm thick, are cast and fed. Nucor, for instance, made its bold bet on continuous thin-slab casting more than a decade after it began its climb to steadily beating the market and that brings me to the central point. Nucor’s competitors in the thin-slab casting business would include the integrated steel giants that already had a presence in the flat sheet market, such as us steel, ltv steel, and bethlehem steel.
At the start of this success story was the casting of the first thin slab with a thickness of 50 mm on an sms pilot plant in october 1985 the 1991 and the second casting strand in 1994, nucor doubled its capacity and was able to considerably widen its prod - thin slab thickness 60 to 50 mm via lcr3. Fifteen-plus years later, thin-slab is used in manufacturing plants around the world and accounts for a huge portion of the flat-rolled steel made in america micro mill nucor innovation also means our thin-strip casting technology — castrip ®. The star of this week’s case, nucor steel, finds itself at a critical inflexion point: should it invest in a new steel mill to commercialize thin-slab casting this paper examines why nucor is considering making such an investment and what risks are involved if they choose to adopt the technology.