This is yet another example of the many ways in which the Internet of Things (IoT) is being utilised by companies these days. A steel producer from China, General Steel Holdings, Inc., today announced that its majority-owned joint venture, Tianjin General Shengyuan IoT Technology Co., Ltd., had launched a UHF Radio Frequency Identification (RFID) tag for iron and steel, and a Cloud-based Internet-of-Things (IoT) platform for steel logistics and bulk commodity management.
The company, registered in Nevada, USA, said in a written statement that the UHF RFID tag was fully compatible with the Electronic Product Code (EPC) tag data standard, which coupled with its Cloud-based Internet-of-Things platform would enable steel mills to quickly and effectively enhance the efficiency and accuracy of logistic planning and management. The platform integrated the UHF RFID tag with sensors, satellite communication, data collection devices, wireless vehicle terminals and handsets to aggregate real time data transmissions and provide long-distance tracking and management of bulk commodities. The platform also integrated with Effective Management Systems (EMS) and Enterprise Resource Planning (ERP) systems for real time inventory management. The Company had also initiated internal procedures for patents application of the iron and steel UHF RFID tag and IoT platform.
Henry Yu, Chairman and Chief Executive Officer of General Steel said, “The new product combines the expert team’s RFID technology and General Steel’s vertical expertise to tap China’s huge market potential for steel logistics management. We are confident that the joint venture will drive greater synergies and efficiency enhancements soon.”
Michael Au, Chief Executive Officer of General Shengyuan IoT added, “Our unique combination of UHF RFID tag and Cloud-based platform is ideal for customers with heavy demands for inventory management and asset tracking.”
China is the biggest importer of steel, and also one of its biggest consumers. This new product is expected to address not only China’s large and untapped steel logistics management market but also the country’s huge market potential for bulk commodity logistics management, felt analysts.
General Steel Holdings, Inc. is a Beijing-based non-state-owned steel maker with seven million metric tons of crude steel production capacity. The Company produces a variety of steel products including rebar and high-speed wire.
In addition to its steel business, the Company also designs, manufactures, and integrates RFID systems.
Graphic Credit: General Shengyuan
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