Chintan Shivir on Application of Artificial Technologies in Steel Sector Organise

  • In the Presence of the Union Minister of Steel and Civil Aviation, Mr Jyotiraditya Scindia.
  • Organised by the Ministry of Steel.

Key Cut Comes:

  • Discussions and exchange of ideas on the Carbon Border Adjustment Mechanism (CBAM) and Artificial Intelligence have improved the sector 
  • Concept of CBAM is fast evolving and emerging.
  • It is important to understand its impact across the value chain of operations.
  • AI concepts must be applied in exploring, identifying, and developing new mines by applying data from the Geological Survey of India and steel plant companies.
  • Idea of using Digital Twins for disaster management systems is worth exploring.

CBAM:

  • As part of its Green Deal 2050, the European Union has proposed the implementation of CBAM for certain products (including steel and aluminium).
  • It would apply carbon emission costs on imported products equivalent to the EU system.
  • It would affect exports to the European Union and lead to a realignment of value chains.
Posted in Current Affairs.