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By Hao Rang

The article Is specially to Introduce the recovery process of Nb, Mn, P from slags and reutilization techniques of the remaining slags. Nb-Mn-Fe alloys which contain 14-16% Nb, 40-60% Mn can be obtained after using fire refining process of " Blast Furnace-Revolving Furnace-Electric Furnace -Electric Furnace, "meanwhile, phosphorous slags which the content of phosphorus pentoxide Is 29.21%. Further going through wet metallurgical processing and electrowinning technics to recover grading 99°o metallic manganese. Finally, phosphorous slags are grinded finely to be as phosporous fertilizers to be directly used for farmlands. Small particle size (0-8mm) rich slags are mixed with slight solid additions for balling directly, and taken Into blast furnace with blocky slags all together. The remaining tall slags are fully used as constructional materials, slags cement as well as a serial of wall materials, road materials, ground ornamental materials without burning operation and steam curing. The compressive strength range of those materials is up to 15-30 MPa. There is no more solid waste slags effluent In the full technical process.

Jan 1, 1994

By Mitchell L. Spencer, Viswanathan Panchanathan

"Bonded magnets are important category in permanent magnets. They are made by one of the following processes: compression bonding, injection molding, extrusion, calendering. An overview of the various bonded magnet processes and properties of products made with different magnet materials along with their applications are discussed. The main emphasis will be on the use of bonded NdFeB and ferrite magnets.IntroductionBonded magnets are a major growth area in permanent magnets. Bonded magnets are made by any one of the following processes: Compression bonding; Injection Molding; Extrusion and Calendering [1,2]. Compression and injection molded magnets are rigid magnets. Materials used in calendering process produce flexible magnets. Only the extrusion process makes both rigid and flexible magnets. The binders used for the bonded magnets vary depending on the processes. Thermoset, thermo-plastic and elastomeric binders are respectively used in compression, injection and the calendering process. Extrusion molding uses elastomers or thermo-plastic materials. The most co=on magnetic materials, Ferrite, SmCo, Alnico and NdFeB can be used in any of the above processes either alone or in combination as hybrid magnets. Another material that has been developed for co=ercial application is SmFeN. Making the material has been challenging and it is being used in niche market applications in limited quantitiesIn the extrusion process, a highly loaded compound is used to produce strip or sheet and is continuously extruded through a die. In calendering the granulated compound is rolled to produce a continuous wide sheet. In the compression bonding process a uniaxial pressing force is used. These magnets have higher loading compared to injection molded magnets. In injection molding the material is forced into a mold cavity and has lower loading compared to compression molded magnets [2,3]. Most of the flexible magnets are made using extrusion and calendering processes and the most co=on magnet material is inexpensive ferrite. Flexible magnets have been made using rare earth materials, but on a very limited basis.The major advantages of magnets processed by extrusion and calendering are as follows: inexpensive tooling, automation; practically any 2D geometry; fast production rates; no chipping or breaking; a wide range of properties; on-line magnetization; easy to convert (e.g. cut, punch or shape).Compression bonded magnets are inexpensive to manufacture. They have higher magnetic properties compared to injection molded magnets; however lower than their sintered counterparts. The magnet shape is restricted to simple geometries and they require careful handling. Their isotropic nature allows complex magnetizing patterns."

Jan 1, 2013

By W. Gong

Their outstanding thermal stability and high energy product make Sm(Co,Fe,Cu,Zr),-type alloys attractive for advanced applications. The near net-shape production of Sm(Co,Fe,Cu,Zr), bonded magnets make them potentially superior to any magnets made by sintering. Although pioneering work done by Shimoda et al. and other investigators provide insights on the proper compositions and process control of this alloy system, additional work is still necessary to improve our understanding of alloy behavior at various processing stages and to increase the production yield during powder processing. In this paper we report on the development of anisotropic Sm(Co,Fe,Cu,Zr), alloy powders for the bonded magnet application. Our focus is on the development of a moderate coercivity powder requiring a relatively low magnetizing field to charge the magnets to their optimum Br, Hci and BHmax. The magnetic properties are related to the evolution of the microstructure at various processing stages and the average particle size and size distribution of powders.

Jan 1, 1997

By Beate Ina Jenssen

Ferric iron removal from the nickel electrolyte at Glencore Nikkelverk AS in Kristiansand, Norway, is achieved by precipitation of iron hydroxide followed by filtration, and it is desirable to improve filtration properties of the precipitated iron hydroxide in order to decrease the filtration time. The effect of increasing the residence time from the current 45 min to 75 min and temperature from 65 °C to 90 °C on the filtration properties of the precipitated iron hydroxide (akaganéite) was studied by simulating the industrial process conditions in a continuous reactor setup operating at steady state, using ferrous-containing process solution as feed material. It was possible to decrease the filter cake resistance by both increasing residence time and temperature, but temperature gave the most pronounced effect and reduced the filter cake resistance by one order of magnitude.

By N. B. Gray, I. F. Taylor

"Gas injection to promote chemical reactions or mixing is a feature of many metallurgical processes. Often the aim of gas injection is to bring about a chemical reaction between the gas and liquid but most of the past physical and mathematical modelling work has ignored the influence of such reactions. In the work reported here, cold model studies have been conducted in which gas reacts with the liquid into which it was injected. The rate of liquid mixing has been measured as an indication of the mechanical energy transfer. It has been found that gas generated chemically within the liquid is significantly less effective at promoting mixing than the equivalent volume of inert gas. The relative ineffectiveness of chemically produced gas is thought to be due to smaller bubble sizes in comparison to the inert gas case. Small bubbles characteristic of chemically generated gas move with low slip velocities relative to the liquid and lead to different turbulence generation mechanisms.IntroductionIn processes such as steelmaking, copper conversion, bath smelting and ladle steel finishing gas is injected into liquid metal where it reacts chemically or simply serves as a source of agitation. An understanding of fluid flow phenomena in such situations is an essential pre-requisite to the calculation of process intensity and the optimisation of vessel productivity. Traditional physical cold modelling approaches to prediction of liquid flow in such situations are now often augmented by the techniques of computational fluid dynamics. Even with the availability of numerical modelling techniques cold physical models continue to have an important role for validation because it is generally difficult to obtain quantitative data from high temperature processes.Almost all previous cold modelling work has been based on the injection of an inert gas into water or some other non-reactive liquid. Such models do not include the significant increase in gas volume inherent in some processes. For example the oxidation of carbon in steelmaking leads to a twofold increase in molar gas flux through the reaction:"

Jan 1, 1996

By B. Zeytuncu, O. Yucel, O. H. Celik, M. H. Morcali

"The Taguchi method was used as the experimental design to determine the optimum conditions of cementation behavior of the ruthenium chloride solution. Cementation was carried out using metallic zinc powder. The experimental conditions were studied in the range of 25-45°C for reaction temperature (A), 30--60 min for reaction time (B), 0.5-1.5 for pH of solution (C), and 30--50 mg for zinc powder (D). Experimental parameters and their levels were determined in the light of preliminary tests. Orthogonal array (OA) L9(34) consisting of four parameters each with three levels, was chosen. The optimal conditions found for ruthenium, such as a reaction temperature, reaction time, pH of the solution and mass of zinc, are respectively: 45°C, 45 min, 1.5 and 50 mg. Under these conditions, the ruthenium cementation efficiency obtained by theoretically and experimentally was in good agreement, which were 99.8% and 99.7% respectively."

Jan 1, 2013

By Masahiro Hirasawa

"As a fundamental study on pyrometallurgical process that involves recycling steel-making dusts, of which major components are oxides of Zn and Fe, and waste polyvinyl chloride simultaneously ·at. a temperature below 1273 K, the reactions between the mixture of ZnO + Fe20 3 and PVC or the compound ZnFez04 and PVC are investigated in a series of thermogravimetric and small scale reactor experiments under inert atmosphere at below 1273 K. The reaction mechanisms are discussed· on the .basis of the thermogravimetric data. From the results of reactor experiments, it is shown that the chlorination of Zn in the oxides by Cl in PVC, the vaporization of ZnC12, the reduction of iron oxide to metal Fe by C and H in PVC, and, thereby, the separation of Zn and Fe in the oxides take place simultaneously at the temperature ~= 1200 K.IntroductionSteelmaking dusts are metallurgical wastes consisting mainly of oxides of Zn and Fe with smaller amounts of other heavy metal elements, such as Pb. In the recent investigation, [1] the present authors have investigated the fundamental aspects of a potential pyrometallurgical process· of recycling steel-making dust with polyvinyl chloride (PVC) at temperature T < 1273 K under Ar atmosphere. The performance of a similar process, in which HCl in the combustion gas of PVC is used to chlorinate Zn in the EAF dust under oxidizing atmosphere, has been investigated by Tailoka and Fray [2] with fundamental experiments. Figure 1 shows an example of the potential ·diagram of Zrt-Cl-0 and Fe-Cl-0 systems. In the figure, we can find two regions where ZnCl2(g) can be separated from Fe containing compounds. One is ZnCiz-Fe20 3 coexistence region at higher oxygen and chlorine potentials and the other is ZnCl2-Fe coexistence region at lower oxygen and chlorine potentials. The process adopted by Fray and coworkers is aimed mainly at the performance of Zn/Fe separation in the higher oxygen potential region. In the present study, the lower oxygen potential region is focused on."

Jan 1, 2000

By T. I. Arbuzova

The present work presents the original data concerning using a high pressure torsion method and a shock wave loading technique to produce compact oxide nanomaterials and investigations of the effect of severe plastic deformation on a microstructure, crystal lattice and stability of these compounds. This allowed us to compare two ways of deformation action that can be characterized as quasi-static and dynamic effect, correspondingly. Particular attention was paid to a stoichiometry and surface composition changes upon severe plastic deformations. A procedure for studying chemistry of the oxide nanomaterials by means of nuclear microanalysis and Rutherford back scattering has been worked through. For surface studies the X-ray photoelectron spectroscopy has been used. It was shown that both distortion methods permit to produce massive nano-scale oxide materials from the coarse-grained powder during a single technological cycle. Bulk nanocrystalline materials based on LaMnO3, TiOy and ZrO2:Y2O3 were obtained by the quasi-static deformation technique. Nanoscaled ceramics of CuO, Mn3O4 and LaMnO3 were produced by the dynamic deformations. The density of the nanoceramics comes to 99%. Size effects and specific imperfection of the nanoceramics obtained lead to a set of particularities of physical properties.

Jan 1, 2006

By Qingbo Yu, Qin Qin, Junxiang Liu

"Dry-granulation is a new process of molten blast furnace slag treatment and air is used as heat exchange medium. There are some shortages: poor effectiveness of granulation, high air-slag ratio and high energy consumption, which are the obstacles to popularize dry-granulation. Based on rotary cup atomization, the technique of recovering waste heat of molten blast furnace slag through waste heat boiler producing high pressure steam is exploited. The molten blast furnace slag is granulated to uniform small slag granules with high temperature, and slag granules pour into the waste heat boiler. It could produce steam, obtained in first row and second row tubes, when descending velocity of slag granules equaled 1.1mm/s and the Reynolds number equaled 7100. The application of the system for recovering waste heat from high temperature molten blast furnace slag has a significant meaning.IntroductionBlast furnace slag is one kind of solid waste in iron making process, which is discharged at the temperature range from 1723 to 1923K. In China, there was 0.162 billion tons of slag discharged in 2009, and the energy contained in the slag is equivalent to the energy in 9.4 million tons of coal equivalent. The sensible heat of molten slag is a very valuable waste heat source, so it is worthwhile to recover the sensible heat. At present, the molten slag is treated by a water quenching method. But in this process, the sensible heat is not recovered, moreover, an amount of water is consumed and harmful waste gas is discharged into the environment. Due to the considerations of energy conversation and environmental protection, the iron making industry pays close attention to dry-granulation, which is useful to obtain more benefits [1-4]. The sensible heat is recovered and an amount of water is saved by the method of dry-granulation. The amorphous content of slag granules obtained from dry-granulation is over 95% [5, 6], so the slag granules can be used as a perfect raw material for cement [7, 8].In the late 1970s, the Sumitomo Metal Industries, Ltd. and the Ishikawajima-Harima Heavy Industries, Ltd. jointly undertook the research of rotary drum granulation. This method has several disadvantages: the processing capacity and efficiency are low, and it is not adoptive to operate continuously in production [9]. From 1980, Nippon Steel, NKK, Kawasaki Steel, Kobe Steel, Sumitomo Metal Industries and Nisshin Steel were engaged on air granulation, and the experiments were operated for 6 years on the blast furnace in Nippon Steel. In the process of air granulation, there was great power consumption. The complexity of structure and the great floor space of the air granulation device caused high cost of investment. In 1986, Ukraine exploited a new method of heat recovery referring to the technology of Continuous Casting and Rolling [10]."

Jan 1, 2011

By D. H. H. Quon

Results of a study conducted to determine the properties of iron ore pellets made from Mount Wright and Carol Lake ore concentrate fines with partial and full substitution of bentonite by several organic binders are presented. Carboxy methyl celluloses 7H and 6TL, hydroxy ethyl cellulose (natrosol) and modified guar gum all produce pellets of acceptable wet, green and dry strength. However, when fully substituted, an inorganic binder such as calcium carbonate is required for satisfactory strength development after induration. Mixing the Carol Lake ore with Mount Wright ore in a 50-50 ratio also achieves the same result. The failure of the Carol Lake ore in the pelletization process is attributed to the low hematite content of the ore. The results are very similar to those from the extrusion studies reported earlier (8).

Jan 1, 1989

By Muhlis Nezihi Saridede, Burak Birol

"The scraps of high quality steels generally contain expensive alloying elements such as chromium, vanadium, nickel, etc. These scraps are melted in an induction or an electric arc furnace and refined in ESR (Electroslag Remelting) purification process. A significant amount of alloying elements are lost during these processes. In order to avoid these losses, scraps can be utilized directly in ESR by skipping the melting step. In this study, 316L stainless steel scraps were refined in ESR with selected synthetic slags. The products were analyzed by optic emission spectrometry and the effects of slag compositions on the alloying element losses were examined. According to the analysis of the scrap and the products, generally chromium, nickel and manganese losses were encountered. It was determined that the alloying element losses has no connection with electrical conductivity. The slag containing CaF2, Al2O3, and FeO gives the optimum Cr and Ni losses.IntroductionElectroslag remelting (ESR), which is the consumable electrode refining process, finds a wide range of utilization for the production of high quality, low inclusion alloys. This process is based on melting a consumable electrode under a molten synthetic slag containing CaF2, Al2O3, CaO etc. The synthetic slag provides the chemical refining and insulation of molten metal from air which leads to a higher purity and an inclusion-free product. [ 1,2] A schematic diagram of ESR system is shown in Figure 1."

Jan 1, 2011

By Sayan Sarkar

HAMR (Hydrogen Assisted Magnesiothermic Reduction) process is a promising alternative route of titanium production, which is convenient due to reduction at relatively lower temperatures below 750 °C and usage of cost-efficient TiO2 as the starting material. A crucial step involved in this process requires the Mg reduction of TiO2 subjected to H2 atmosphere which produces porous TiH2 along with residual magnesium impurities. Before the final heat treatment and deoxygenation steps for consolidation of the Ti powder, leaching plays a significant role in the removal of Mg impurities. In this report, we present a systematic study on the role of acid concentration (HCl), temperature and the kinetics of MgO dissolution. In addition, we also report the controlling mechanism during kinetics of MgO dissolution in acid. This parametric study will provide a platform to ensure very low Mg content that meets with ASTM standards during production of Ti in the HAMR process.

By Chenhui Liu, Hong-ying Xia, Bingguo Liu, Wei Li, Jinhui Peng, Libo Zhang

"Dielectric property is an important limiting factor in the development of microwave processing of minerals and ores. In this study, we used an open-ended coaxial sensor method to measure the complex permittivity of an ilmenite concentrate (41%TiC>2) and microwave absorption properties from room temperature to 100°C. The results show that the dielectric constant, loss factor and loss tangent increase with temperature rising at 2.45GHz. Microwave absorption properties of this ore are highly dependent on temperature and frequency. Ilmenite concentrate can be used as raw materials to prepare wideband microwave absorbing material. The research will be helpful in explaining the thermal running of microwave dielectric heating the ilmenite concentrate.IntroductionAs the sources of high-grade titanic mineral are decreasing worldwide, the utilization of low-grade minerals such as ilmenite has attracted more attention [1,2]. Because Panzhihua ilmenite has complex minerals and high contents of MgO, CaO, S1O2 , it is difficult to upgrade the ilmenite to titanium-rich slag and farther produce synthetic rutile and titanium dioxide pigment [3]. Therefore, it is desirable to develop new technology for processing ilmenite ore [4]."

Jan 1, 2012

By Andreas Orth

Outokumpu Lurgi Metallurgie has developed a process for the calcination and reduction of laterite nickel ore tines where the reduction of iron and nickel to the wustite/metallic states respectively, is performed in a fluidized bed reactor using reduction gas generated very cost effectively from natural gas in an autothermal catalytic reactor. As an option coal can be used as reductant as well as additional fuel. The process of reduction and calcination is very energy optimized. It uses the off gas from the fluidized bed reduction reactor, which still contains energy, to dry and calcine the nickel ore fines in a primary stage circulating fluidized bed (CFB) reactor. The product shows high metallisation of nickel and iron oxides reduced to the wustite stage. This results in considerable energy savings in smelting the prereduced product to ferro-nickel. Alternatively the product can be leached to produce nickel. Laboratory tests showed very high recovery of nickel and cobalt. Keywords: Fluidized Bed, Prereduction, Calcination, Ferro-Nickel

Jan 1, 2004

By Deepu Philip, Pratik Agarwal, Ajay Kumar Shukla, Ishani Shukla, G Rajesh

Steel plants generally employ static BOF end point control models to arrive at a given temperature and chemistry at the end of blow. These end point models have now been supplemented with chaos control models to steer the blowing process in the right direction while the blow is in progress. Merely arriving at the correct end point temperature is however not adequate because in the subsequent stages as well the temperature variations can be large and unpredictable. The present paper deals with an integrated model to take into account the effect of all parameters affecting temperature and composition from tapping to the start of casting to minimize the use of LF or aluminum heating, and also minimize grade mixing. The application of lean operations strategy is explained in which the previous “Push System’ is changed to a “Pull System”, minimizing the use of ladle furnace or aluminum heating during steelmaking.

Jan 1, 2014

By Yuanbo Zhang, Xiaoming Mao, Zhixiong You, Zhenyu Fan, Tao Jiang

"It is generally known that the formation of calcium ferrite is favorable during the iron ore sintering, which dominatingly contributes to the improvement of strength and reducibility of the finished sinters. In this study, effects of roasting temperature and 02 content of inlet gas on the sintering mineralization properties of typical iron ores, including hematite, limonite, specularite and magnetite, were investigated. The results showed the amount of calcium ferrite initially increased then decreased with the increase of the roasting temperature. The temperature of maximum calcium ferrite generation amount for different iron ores was determined as follows: hematite and limonite was 1275 °C, whereas specularite and magnetite was 1250 °C. Increasing 02 content of inlet gas was advantageous to the generation of calcium ferrite during the sintering. The sequence of 02 content affecting the mineralization properties of different iron ores was determined as follows: magnetite > hematite > specularite > limonite.IntroductionThe mineralization property of iron ore plays a significant role in the mineral composition and microstructure of finished sinters, which determine the quality and output of the sinters [1-2]. The mineralization process of sinters is composed of solid-phase reaction, formation of liquid-phase and crystallization. The formation and crystallization of liquid-phase is the foundation to the mineralization as the quality of the sinter is poor when concreted by solid-phase consolidation [3-4]. With respect to the iron ore sintering, liquid-phase regarded as bonding phase is generated between the iron ores and fluxes at high temperature [5]. Calcium ferrite is the most favorable liquid-phase among the bonding phases which dominatingly contributes to the improvement of strength and reducibility of the finished sinters [6-8]. Especially for high iron-low silicon sintering and high basicity sintering, making sure sufficient calcium ferrite quantity and reasonable distribution is crucial to the sinters [9-10]. Therefore, carrying out the researches on the high temperature reaction properties of iron ores is of great significance [11]."

Jan 1, 2013

By Steven I. Baskin

Cyanides are utilized in many industrial applications including preparation of chemical intermediates, electroplating, and&apos; mining, Cyanide has been utilized in chemical warfare operations as well Cyanide is also synthesized and found in plants and animals including man where it is thought to perform multiple functions. A variety of enzymes are known to detoxify cyanide under different conditions. These include rhodanese, 3-mercaptopyruvate-sulfur transferase, thiosulfate reductase, cystathionaseand albumin. Cyanide appears tQ exert its toxic effect primarily by inhibiting cytochrome oxidase? although other enzymes are also inhibited. Therapeutic antagonist categories to treat cyanide include methemoglobin formers such as nitrite, sulfane-sulfur donors such as thiosulfate, metal salts or complexes such as cobalt and cyanohydrin-forming compounds such as dihydroxyacetone or alpha keto-glutaric acid. Advantages and disadvantages of each category will be discussed. Newer compounds under development have been found that may allow for prophylactic therapy for cyanide poisoning with minimal side effects; In addition, portable co-oximetry devices may provide real-time measurement of cyanide in field units.

Jan 1, 1998

By Jan Smit

Sulphidic copper concentrates are generally processed by pyrometallurgical means; while oxidative pressure leach processing of such materials has been shown to be technically feasible, there has traditionally been little incentive to choose this route in favour of a smelting option. However, for concentrates with elevated arsenic levels, oxidative pressure leaching offers distinct advantages, as smelter air emission standards and restrictions on concentrate importation have tightened. The current state of pressure leach technology allows for high copper extractions from arsenical copper concentrates, while producing an environmentally stable process residue, without atmospheric emissions of sulphur dioxide or arsenic. In its studies on pressure leaching of copper concentrates, Sherritt has shown that arsenical feed materials can be converted into environmentally stable residues, with excellent copper extractions. The results of recent batch and pilot plant test work are discussed, including the deportments of copper, arsenic and precious metals.

By Z. Q. Chen, M. H. Loretto, Y. G. Li

"As-cast, As-forged, as-solution-treated, and solution treated and aged microstructures of Ti-15Mo (IMI205) with and without carbon were examined using optical microscopy, scanning electron microscopy .and transmission electron microscopy. Tensile testing was carried out at room temperature. It was found that carbon acts primarily as a titanium carbide former: Titanium carbides increase slightly the tensile strength, but decrease the ductility of IMI205. These observations are interpreted in terms of the titanium carbide morphology observed using SEM and TEM and the phase diagrams of Ti-Mo, Ti-C, and Mo-C.IntroductionIn a recent study on the development of a burn-resistant 13-Ti alloy, carbon was introduced· into the Ti-V-Cr system in order to optimise the mechanical properties. Research results[1, 2] demonstrate that carbon addition can refine the 13 grain size and improve the stability of the 13 phase in Ti-V-Cr alloys. The most attractive result is that carbon addition produced a marked improvement in the ductility of alloys when the carbon content is over 0.1 wt.% in this alloy system. Even after long exposure, the alloy with carbon addition maintains good ductility. One of the main reasons for the ductilising of the alloy is that titanium carbides can getter the oxygen from the 13 matrix.In view of the success of carbon addition in improving the properties and the stability of the Ti-V-Cr alloy, it is of interest to investigate the behaviour of carbon addition in other beta Ti-base alloys. The objective of the present work was, therefore, to assess the microstructures and mechanical properties of IMI 205, a metastable beta titanium alloy, with and without carbon addition using optical microscopy (OM), scanning electron microscopy (SEM), transmission electron microscopy (TEM), wavelength dispersive X-ray (WDX) analysis, room temperature tensile testing."

Jan 1, 2000

By Hadi Fanisalek

"Most industries attempted to conduct their energy consumptions in an optimized way for a few decades. This is because policymakers and top managements in industries have felt the critical situation of a possible energy shortage that could happen for them in the near future, even in countries with significant fossil fuel resources. Decisions related to energy consumption in any industry will have a long-term effect on different parts of the industry structure. In this way, energy decisions should be categorized as part of any industry's main strategic and long-term decisions, which should be made by top strategists. On the other hand, strategic management has many powerful tools to help the policymakers in industries to establish a long-term strategy for energy consumption and reducing or preferably eliminating the energy loss. This will be more important for industries in the Middle East, where they have just started to make an applicable strategy for their energy consumption and to design a long-term procedure for their energy management. Based on strategic management and by comparison we designed and offered a new model for establishing the main structure of energy management strategy in primary aluminum industry, which is a high consuming energy industry. This strategy, which we will call ESM (Energy Strategic Model) and has been applied for a typical primary aluminum industry in this paper, is similar to the practical models in the field of strategic management, which were developed for designing the overall company strategy.IntroductionThe elementary goal for introducing strategic management in any organization was to establish a successful plan helping the company to survive and to gain competitive advantage over its competitors in a rough business environment. Strategic management is an ongoing process that evaluates and controls the business and industries in which the company is involved; assesses its competitors and sets goals and strategies to meet all existing and potential competitors; and then reassesses each strategy annually to determine how it has been implemented and whether it has succeeded or needs replacement by a new strategy to meet changed circumstances, new technology, new competitors, and a new economic environment[!]."

Jan 1, 2013