Predict steel manufacturing failures

3107/2014

Using Predictive Analytics in Maintenance

By |July 31st, 2014|Categories: Manufacturing, Predictive Analytics, Predictive Maintenance|Tags: , , |

Predictive Maintenance is the best type of maintenance a company can undertake, but not all assets classes and applications justify Predictive Maintenance. That is why the best type of maintenance is the type that works for each client. The latest technology in Predictive Maintenance is the use of Predictive Analytics. In some cases Predictive Analytics is reaching accuracies above 95% to predict an asset failure. These results are much higher when compared to traditional predictive […]

1512/2013

China Pollutes Less and Impacts Global Iron Ore Pricing

By |December 15th, 2013|Categories: Manufacturing|Tags: , , , , |

Some sources estimate that China has over 400 Steel Mills. Therefore, a shift to reduce pollution has lowered output from some “bad actor” mills in China reducing overall supply while the global demand for steel is expected to increase in 2014. As basic economics suggests, increase demand with lowered supply means higher prices. The Platts outlook report on global iron ore stated that pellet premiums are expected to remain firm into the first half of 2014 as […]