Iron and steel industry: What is it and what is its importance in the global economy?

The steel industry produces steel through advanced processes, driving global development in infrastructure, transportation, technological innovation and sustainability.
Iron and steel industry processes

Introduction

The iron and steel industry is an economic sector dedicated to the extraction, processing and transformation of iron into its various types of alloys, with steel being the most widely used for global development, due to its high demand by large key industries such as construction, transportation and machinery manufacturing.

Through high-performance processes, such as the reduction of iron ore in blast furnaces and refining in steel mills, steelmaking allows the production of materials with optimum mechanical properties, adapted to different technological applications.

Steel’s versatility and strength make it an irreplaceable resource in modern infrastructure, from buildings and bridges to transportation and energy systems. Thus, the steel industry drives innovation in materials engineering, playing a strategic role in the sustainability and efficiency of industrial processes.

What is the steel industry?

The steel and iron industry is the sector that specializes in the production of steel from the processing of iron ore and other ferrous materials. The obtaining of this resource includes processes such as extraction and preparation of the ore up to its transformation. Through stages such as smelting, refining and alloying, steels with specific properties are obtained that meet the standards of strength, durability and versatility required in different industrial applications.

This industry is important for infrastructure, machinery manufacturing and the development of strategic sectors such as transportation and energy. The quality of the steel produced depends on the purity of the iron ore used, where factors such as sulfur and phosphorus content influence its mechanical characteristics. Its global impact positions it as a fundamental pillar of the economy and modern engineering.

How does the steelmaking process work?

Due to its great importance, this process involves several key stages, each with a specific purpose to transform the raw material into high quality steel. Among the stages of the steelmaking process we have:

  1. Obtaining and preparing iron ore: The main raw material is iron ore, which is extracted in the form of oxides or carbonates. To improve its efficiency in the reduction processes, the ore is subjected to treatments such as sintering or pelletizing, which allows for more efficient handling and greater reactivity in the blast furnace.
  2. Ore reduction in the blast furnace: In integrated steelmaking, the reduction of iron ore is carried out in a blast furnace, a vertical reactor where the oxides are removed from the ore by reacting with carbon monoxide (CO) generated by the combustion of coke. This process results in pig iron, an iron with a carbon content of 4-5%, which is obtained in a liquid state together with the slag, which is removed periodically.
  3. Pig iron desulfurization: Before being converted into steel, pig iron undergoes a desulfurization process, where its sulfur content is reduced to improve its mechanical properties. This treatment is carried out by adding reagents such as lime and magnesium, which remove the sulfur in the form of slag.
  4. Conversion of pig iron into steel:
    There are two main methods for converting pig iron to steel:
    • LD (Linz-Donawitz) furnace conversion: Oxygen is added to the pig iron to oxidize the carbon and remove impurities such as silicon, manganese and phosphorus.
    • Electric arc furnace: It is used to melt scrap and iron pre-reduced products by means of an electric arc generated between graphite electrodes. This process achieves greater versatility in the composition of the steel and facilitates the recycling of ferrous materials.
  5. Steel refining and finishing: To obtain steels with specific characteristics, finishing processes are carried out, where the concentrations of alloying elements such as chromium, nickel or vanadium are adjusted; residual impurities are also removed by deoxidation and other metallurgical treatments.
  6. Steel casting:
    Molten steel is solidified by different casting methods:
    • Ingot casting: Poured into molds for subsequent rolling.
    • Continuous casting: A solidified product is obtained in the form of billets or slabs, optimizing the efficiency of the process.
  7. Forming and finishing: Finally, the steel undergoes forming processes such as hot or cold rolling, drawing or forging, and surface treatments such as galvanizing or special coatings to improve its strength and durability.

Each of these stages is necessary for the production of steel with controlled mechanical and chemical properties, adapted to different industrial sectors.

Types of steel and their industrial applications

Depending on their composition and characteristics, there are different types of steel, each designed for specific applications in various industries.

Carbon steel: It is an alloy composed of iron and carbon in a range of 0.3% to 2%, with minimal amounts of other elements. Its hardness and mechanical strength increase with carbon content, although it also reduces ductility and increases brittleness. It is more susceptible to corrosion compared to other alloy steels and is used in the manufacture of cutting tools, high-voltage cables, automotive parts and metal structures.

Alloy steel: It is obtained by adding elements such as nickel, chromium, copper and aluminum to the iron base, which gives it greater mechanical strength, hardness and tolerance to corrosion and high temperatures. Due to the variation in its composition, it adapts to different industrial needs, being used in engine parts, piping in the chemical industry, shipbuilding, marine structures and heavy machinery.

Tool steel: Incorporates tungsten, molybdenum, cobalt and vanadium to improve its hardness and wear resistance, even at high temperatures, making it an ideal material for the manufacture of drills, saws, milling cutters, molds for plastics, impact tools such as hammers and dies for metal stamping.

Stainless steel: Contains at least 10.5% chromium, together with nickel and molybdenum, which gives it high resistance to corrosion and chemical agents, as well as high cleanability. It is used in the manufacture of medical and surgical equipment, household appliances, kitchen utensils, architectural facades and in the food and chemical industries.

Corten steel: Corten steel is an alloy with copper, chromium and nickel, developing a protective oxide layer when exposed to the elements, which prevents deep corrosion. This type of steel is ideal for the construction of bridges, architectural facades, sculptures, urban furniture and maritime structures.

Galvanized steel: It is coated with zinc through a hot-dip process, providing high resistance to rust and corrosion, especially in outdoor environments. It is used in poles, metal fences, roofs, ventilation ducts and drainage systems.

Structural steel: Contains small amounts of manganese and silicon to increase its mechanical strength and capacity to support large loads without significant deformation. It is essential in the construction of skyscrapers, bridges, road infrastructure, electrical transmission towers and industrial platforms.

Surgical steel: It is a special type of stainless steel with a high content of chromium, nickel and molybdenum, which gives it biocompatibility, corrosion resistance and the ability to withstand sterilization processes without degradation. It is used in surgical and dental instruments, medical implants, prostheses, hypoallergenic jewelry and biomedical equipment.

Importance of the iron and steel industry

The iron and steel industry is a significant sector in the economic and technological development of any nation due to the production of steel, a key material in multiple industrial sectors. Its importance lies in the production of materials with high strength and durability, essential in the construction of infrastructure such as skyscrapers, bridges and railway networks, as well as in the manufacture of heavy machinery and precision tools. Without this sector, progress in engineering, transportation and manufacturing would be severely limited.

In addition to its relevance in construction and manufacturing, the steel industry drives the growth of other strategic sectors such as mining, energy and logistics, due to the high demand for raw materials and the transportation of derived products. It is also a key generator of employment, offering direct and indirect opportunities that strengthen economic stability and improve the quality of life of the population.

Unlike metallurgy, which encompasses various metals, the iron and steel industry specializes in the transformation of iron into steel, ensuring its optimization for different industrial applications. In this sense, the steel industry serves as a driver of industrialization, as well as a crucial element of global sustainability.

Future prospects for the iron and steel industry

In the coming years, several trends are expected in the sector, improving production efficiency, reducing environmental impact and adapting to new markets. Below are some of the main trends in the steel industry.

Sustainable production and green steel

Growing concerns about sustainability have led the steel industry to explore lower-carbon production methods. Green steel, produced with renewable energy sources and innovative technologies such as hydrogen-based steelmaking, is gaining prominence. This technique replaces carbon with hydrogen in the iron ore reduction process, virtually eliminating CO₂ emissions.

Development of high-strength low-weight steels

Advances in materials engineering have led to the creation of high-strength, low-weight steels, especially for sectors such as the automotive and aerospace industries. These materials make it possible to reduce the weight of structures without compromising their strength, improving energy efficiency and reducing emissions of polluting gases in vehicles and aircraft.

Recycling and circular economy

The use of recycled scrap in steel production is on the rise, aligning with the principles of the circular economy. This approach reduces dependence on virgin raw materials and significantly reduces energy consumption and pollutant emissions. Advanced technologies in steel recycling improve process efficiency and enable the reuse of materials with a lower environmental impact.

Nanotechnology applications in steel

Nanotechnology is currently synthesizing steels with improved properties, such as increased corrosion resistance, greater durability and better mechanical behavior. These advances offer opportunities for applications in extreme conditions, such as structures in marine environments or high-wear machinery components.

Conclusions

The iron and steel industry is an essential component of global industrial and economic development, providing materials with a unique combination of strength, durability and versatility. Its impact extends to key sectors such as construction, transportation and manufacturing, where steel is indispensable for the creation of high-performance infrastructure, vehicles and machinery. Thanks to its ability to adapt to different applications through refining and alloying processes, the iron and steel industry has been a driver of modernization in multiple industries.

In addition to its structural importance, the iron and steel industry represents a strategic axis in the circular economy, promoting recycling and the optimization of resources to reduce environmental impact. With the advance of new technologies, such as hydrogen-based steelmaking and the development of lighter and stronger steels, the industry is moving towards more sustainable and efficient production. In this context, its evolution will not only ensure the supply of essential materials, but will also contribute to meeting the environmental and technological goals of the future. Steelmaking will therefore continue to be a key pillar in the transformation of modern societies and in the construction of more sustainable development.

References

  1. https://www.euroinnova.com/blog/que-es-la-industria-siderurgica
  2. https://sreemetaliks.com/blog/the-importance-of-steel-iron-industry-in-development
  3. https://www.steel-technology.com/articles/market-trends-and-future-prospects-of-the-steel-industry