Global Electric Arc Furnaces Market was valued $xx Mn in 2019 and is expected to reach $xx Mn by 2026, at a CAGR of xx% during the forecast period.
Global Electric Arc Furnaces Market Introduction
Electric arc furnace has developed significantly over the past 30 years. In the steel industry, an electric arc furnace (EAF), referred to as a mini mill. The mini mill is charged with almost 100% scrap. EAFs rapidly evolved due to their lower production costs, lower impact on the environment, and lower price of raw materials in comparison to the blast furnaces. In addition to scrap, the EAF is charged by direct-reduced-iron (DRI) and fluxes. The main heat source in EAF is electric arcs formed between electrodes and bath. Heat is transferred to the bath through four mechanisms, convection, and radiation.