Arjun wrote:Can't see how one can possibly argue with the point of both articles - that India's current 'leadership' detracts from rather than facilitates the inherent growth potential of the country. As long as there is no change in the quality of leadership - India will always be under-performing as compared to her widely acknowledged potential.
The article also points out that any leadership in India has issues with it. Do you concede that. Atleast we have had 12 years of relative stability compared to the 'Humble Farmer', the 'godman' consultant and the international relations specialist. Stability is not guaranteed with the Indian set up. We went through a investment slow down in the late 90's as no one had a clue what they could expect on any given day. The present opposition has nothing to offer as replacement.
Here is the specific energy consumption analysis by JSW itself. They have bench marked themselves against POSCO and found themselves lagging. JSW and TATA may be lowest cost producers but were not close to the Koreans in energy and material efficiency. At least not yet. JSW in particular is worried big time.
Gap Analysis w.r.t Global Best
Gap 1.295 Gcal/Tcs
Sp. Energy of Similar plant
JSW Steel, Vijayanagar
Sp. Energy of Similar plant
POSO, South Korea
Not only that POSCO plans to bring its proprietary FINEX technology to Orissa. First outside Korea.
From POSCO direct.http://www.posco.com/homepage/docs/eng/ ... 0050c.html
What are the benefits of POSCO's FINEX iron making process?
The FINEX process produces hot metal with quality equivalent to the conventional blast-furnace process using a direct charge of iron ore fines and non-coking coal. It is an eco-friendly process designed to meet the increasingly strict environmental regulations of the 21st century.
The FINEX process eliminates the need for the sinter and coke plants required to process raw materials for the traditional blast-furnace process, dramatically reducing the start-up investment costs, operating costs, as well as the pollutant emissions.
In detail, it can reduce the start-up investment costs by 20%, operating costs by 15%. And most importantly, 97% of the SOx, 99% of the NOx, and 72% of the dust can be reduced.
We began laboratory testing of the FINEX process in 1992 and completed a 600,000ton demo plant in May 2003.
In May 2007, we successfully built a commercialized FINEX plant with capacity of 1.5million ton. Since then, FINEX plant has been achieving normal operation targets with superior cost competitiveness and environmental benefits over conventional blast furnace.
We need to do what ever it takes to get this technology into India. Even COREX is fairly primitive and inefficient next to it. I suspect POSCO will become the worlds cheapest steel producer in Odisha, even JSW is likely to get nipped here.
COREX process that has been used by POSCO from 1995 to produce 600,000 tons of iron a year is the only new commercial iron-producing process used until today. However, although the COREX process using the solids of iron ores and coal can omit the sintering of shaft furnaces and Cokes process, it required the use of expensive source materials and the control of powdered coal generated during the processes. FINEX process, on the other hand, is an innovative new iron-producing process that does not require preparation stage of the iron ores or other source materials including the Cokes and sintering processes. Therefore, it needs less investment and generates no pollutants. Additionally, as it uses the iron ores and other coals that are less than 8mm in diameter and that are worldly abundant and cheap in price, it is even more advantageous than COREX process that can omit the Cokes and sintering processes.
In the aspects of production cost, the powdered iron ores are more abundant than iron ore pellets and are 23% cheaper. For the cokes, we use general coal that is 20% cheaper than high-class soft coal. Moreover, FINEX process is very environmentally-friendly. When FINEX process is applied, the environmental pollutants including SOx, NOx and carbon dioxide decrease significantly compared to the preparation process of sintering and it is because the deoxidizing pipe desulfurizes and the melting pipe uses pure oxygen.
Here is a nice little sketch.