Performance?Based Contract Solutions for Reheat Furnaces

AIST is committed to presenting superior conferences, expositions and technical training to better serve those involved in the iron and steel .. Read more community, including steel manufacturers, suppliers, consumers and academics. Our events provide an international forum for the exchange of ideas, experiences and knowledge. Make the investment and advance your career by attending one of our many educational events and open a whole new world of opportunity!. Fives provides a five‐step performance‐based contract to reheat furnace owners who want to increase profitability and efficiency of furnace operations. The presentation will outline an efficient action plan, with illustrated case studies based on experience, technical solutions and digital solutions in order to achieve savings and to improve operational expenditures. This includes reduced fuel consumption, scale reduction, increased throughput, quality improvements and emission reduction. Performance‐based contracts allow steelmakers to share savings based on performance evaluations after each step, with limited capital expenditure required from the end user.