What Are Infrastructure Commodities?
Infrastructure Commodities are those materials that are used in the construction of roads, bridges, buildings, transport hubs, airports, and railways.
Steel (Iron Ore)
Steel is an alloy of iron and other elements, primarily carbon, that is widely used in construction and other applications because of its high tensile strength and low cost. Steel’s base metal is iron, which is able to take on two crystalline forms (allotropic forms), body centered cubic and face centered cubic (FCC), depending on its temperature. It is the interaction of those allotropes with the alloying elements, primarily carbon, that gives steel and cast iron their range of unique properties. In the body-centred cubic arrangement, there is an iron atom in the centre of each cube, and in the face-centred cubic, there is one at the center of each of the six faces of the cube. Carbon, other elements, and inclusions within iron act as hardening agents that prevent the movement of dislocations that otherwise occur in the crystal lattices of iron atoms.
The carbon in typical steel alloys may contribute up to 2.1% of its weight. Varying the amount of alloying elements, their presence in the steel either as solute elements, or as precipitated phases, retards the movement of those dislocations that make iron comparatively ductile and weak, and thus controls its qualities such as the hardness, ductility, and tensile strength of the resulting steel. Steel’s strength compared to pure iron is only possible at the expense of iron’s ductility, of which iron has an excess.
Steel was produced in bloomery furnaces for thousands of years, but its extensive use began after more efficient production methods were devised in the 17th century, with the production of blister steel and then crucible steel. With the invention of the Bessemer process in the mid-19th century, a new era of mass-produced steel began. This was followed by Siemens-Martin process and then Gilchrist-Thomas process that refined the quality of steel. With their introductions, mild steel replaced wrought iron. Further refinements in the process, such as basic oxygen steelmaking (BOS), largely replaced earlier methods by further lowering the cost of production and increasing the quality of the product. Today, steel is one of the most common materials in the world, with more than 1.3 billion tons produced annually. It is a major component in buildings, infrastructure, tools, ships, automobiles, machines, appliances, and weapons. Modern steel is generally identified by various grades defined by assorted standards organizations.