Sponge Iron - Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, Machinery, Raw Materials, Feasibility Study, Investment Opportunities, Cost And Revenue, Plant Economics
|Steel is produced through two process routes; the ore based Blast Furnace-LD Converter route or scrap or DRI based electric arc furnace route. The ore based process is adopted by large integrated iron and steel plants lassified as primary sector. Electric furnace route so far mainly using scrap as ferrous input material comes under secondary sector. The secondary steel sector, which produces steel through electric arc furnace and induction furnace, contributes 35 - 40% of total steel production of India. The input material for melting to electric furnaces, is mainly recycled scrap. Due to non-availability of scrap in the country, India is importing scrap. The sponge iron is a substitute for scrap in the electric arc furnace (upto 80%), which can be easily manufactured from indigenously available raw materials at very competitive price. Sponge Iron is the iron ore reduced in solid state by a direct reduction process using natural gas or non-cooking coal as reductant. The sponge iron is also known as Direct Reduced Iron (DRI), Hot briquetted Iron (HBI) or Metalized Iron. The term Hot Briquetted Iron (HBI) is generally used for gas based direct reduced iron made in briquette shape in hot condition just after it has been discharged from the shaft furnace. Direct Reduction (DR) is a metallurgical process of producing iron from iron oxide (in the form of lump ore or pellets) directly in the solid state, unlike going through the molten stage in blast furnace. The product DRI produced by this route has a honeycomb structure with minute pores, hence it is known as “Sponge Iron”.|
|Plant capacity: 50 MT/Day||Plant & machinery: Rs 12 Corers|
|Working capital: -||T.C.I: Rs 18 Crores|
|Return: 41.00%||Break even: 45.00%|
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