Title

THE BENEFITS OF USING AN OPTIMIZATION TOOL AT USIMINAS

THE BENEFITS OF USING AN OPTIMIZATION TOOL AT USIMINAS

Authorship

Pechir, Adriana Haueisen; Mazzini, Fernando Ferreira; Camillo, Luciana Dimas; Costa., Luiz Cláudio

Pechir, Adriana Haueisen

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Mazzini, Fernando Ferreira

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Camillo, Luciana Dimas

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Costa., Luiz Cláudio

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DOI

10.5151/2594-357X-22418

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Abstract

The steel industry experienced a hard working time over the past few years. There was an oversupply of steel in the world, a rising in the raw materials prices and a reduction on the final product selling price which provided a decrease in the profits. The new circumstances forced the industries to reduce the production and work with lower productivity in the blast furnaces. Therefore, the biggest challenge was looking for new alternatives to shrink the final product cost. Based on this scenario, Usiminas has chosen to use an integrated optimization software which has broken process paradigms. There were a substantial financial gain and its use gave agility to the process and confidence in the decision-making.

The steel industry experienced a hard working time over the past few years. There was an oversupply of steel in the world, a rising in the raw materials prices and a reduction on the final product selling price which provided a decrease in the profits. The new circumstances forced the industries to reduce the production and work with lower productivity in the blast furnaces. Therefore, the biggest challenge was looking for new alternatives to shrink the final product cost. Based on this scenario, Usiminas has chosen to use an integrated optimization software which has broken process paradigms. There were a substantial financial gain and its use gave agility to the process and confidence in the decision-making.

Keywords

Optimization tool; Decision-making; Limit marginal price.

Optimization tool; Decision-making; Limit marginal price.