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Interview with Michel van Hoey, McKinsey & Co

Ahead of this year's International Ferroalloys Conference, we sat down with Michel van Hoey, Senior Partner at McKinsey & Company. Here, Michel looks at how the ferroalloys industry will be affected by increasing digitisation.


You can hear more from Michel van Hoey and the multitude of digital opportunities existing for the ferroalloys value chain on 12 November in Lisbon, as part of the 34th International Ferroalloys Conference

 

Metal Bulletin (MB): Hi Michel, thanks for agreeing to take part in this interview. Please introduce yourself and tell us more about your expertise with the mining industry? 



Michel van Hoey (MvH): I am a Senior Partner in McKinsey’s Luxembourg office, and serve companies in the metals and mining industry. I mainly advise our clients on Digital Transformations, including how to capture benefits through Advanced Analytics, Process Digitization, and Automation & Robotisation. Within McKinsey, I lead our work in Digital in Basic Materials in Europe, and I lead our global value-in-use service line, supporting clients on raw material quality and mix decisions. Over the past fifteen years, I have worked in more than 15 commodities and 30 countries across all continents.


MB: You will be speaking about how ferroalloys producers can capture the digital opportunity. Can you explain some of the challenges ferroalloys producers face when implementing digital initiatives?

 

MvH: The digital opportunity for ferroalloys producers is very significant, with an estimated total potential annual impact for the total industry of up to US$ 5B p.a. by 2025. We do observe that most ferro-alloy producers are experimenting with digital initiatives and use cases, but so far very few are able to successfully scale the digital transformation. I will therefore specifically talk about the topics of how to scale a digital transformation, and how to overcome the required people capability and mindset changes.



MB: What are three digital opportunities that will have the biggest impact for the future?



MvH: It is still a rapidly evolving field, and hence there is still a lot of uncertainty around the end state. In the short to medium term, the largest opportunities are in the field of improved process understanding and process control, leading to better raw material efficiency, yields, energy, throughput, and product quality. We do also see significant improvements in safety performance, as automation is further taking over hazardous processing steps, and new digital safety tools are being deployed. Longer term, new business and commercial might break through.




You can hear more from Michel van Hoey and the multitude of digital opportunities existing for the ferroalloys value chain on 12 November in Lisbon, as part of the 34th International Ferroalloys Conference

This content is provided by Fastmarkets MB Events for informational purposes only, and it reflects the market and industry conditions and presenter’s opinions and affiliations available at the time of the presentation.