SPONGE IRON FROM PIG IRON
EIRI/EDPR/0299] (J.C.:7839)
INTRODUCTION
Sponge iron a finely divided porous form of iron made by reducing an iron oxide at such low temperatures that melting does not occur, usually by mixing iro0n oxide and coke and applying limited increase in temperature.
In blast furnace, the irons are is reduced and melted to yield liquid iron. Other additives and reactants are in corporated and the melt is refined to achieve the required composition of resulting pig iron for use in steel making or foundries. For large tonuage production, blast furnace pig iron is quite suitable but for small tonuage production, direct reduction of are into solid spongy substance, having 92 to 95% iron content is more economical.
The state of a country's iron and steel industry provides an index of its industrial progress. A universally accepted yardstick for measuring a country's level of economic development is its per capita Consumption of steel. Judged by the Yardstick, the depressing fact remains that India is among the countries with the lowest per capita consumption of steel in the world with only 14 Kg Developed countries such as Sweedon, West Germany, Japan and U.S.A. have high per capita consumption figures.
The history of iron & steel making in India goes back to over 2,500 years, making India of the earliest uses of iron and steel in the world. In anevent times, India has attained a remarkably high degree of skill in iron smelting and the making of iron products.
COST ESTIMATION
Plant Capacity 450 MT/Day
Land & Building (10 Acres) Rs. 4.46 Cr
Plant & Machinery Rs. 5.15 Cr
Working Capital for 2 Months Rs. 33.18 Cr
Total Capital Investment Rs. 93.55 Cr
Rate of Return 35%
Break Even Point 46%
CONTENTS
INTRODUCTION
PROPERTIES OF SPONGE IRON
PIG IRON
ANALYSIS OF PIG IRON
SPECIFICATIONS OF PIG IRON USED IN DIFFERENT INDUSTRIES SPONGE IRON FROM PIG IRON
PROPERTIES & CHARACTERISTICS OF PIG IRON
EFFECTS OF SPONGE IRON ON EAF OPERATION
EFFECTS OF SPONGE IRON ON EAF ECONOMICS
USES & APPLICATIONS OF SPONGE IRON
B.I.S. SPECIFICATIONS
MARKET SURVEY
PRESENT MANUFACTURERS OF SPONGE IRON
PROCESS OF MANUFACTURE OF SPONG IRON FROM PIG IRON
PRODUCT OF BLAST FURNACE (PIG IRON)
PROCESS FLOW DIAGRAM FOR THE MANUFACTURE OF SPONGE IRON FROM PIG IRON
PLANT LAYOUT
PRINCIPLES OF PLANT LAYOUT
PLANT LOCATION FACTORS
EXPLANATION OF TERMS USED IN THE PROJECT REPORT
ADDRESSES OF PLANT & MACHINERY SUPPLIERS
ADDRESSES OF RAW MATERIAL SUPPLIERS (PIG IRON)
APPENDIX – A:
01. PLANT ECONOMICS
02. LAND & BUILDING
03. PLANT AND MACHINERY
04. OTHER FIXED ASSESTS
05. FIXED CAPITAL
06. RAW MATERIAL
07. SALARY AND WAGES
08. UTILITIES AND OVERHEADS
09. TOTAL WORKING CAPITAL
10. TOTAL CAPITAL INVESTMENT
11. COST OF PRODUCTION
12. TURN OVER/ANNUM
13. BREAK EVEN POINT
14. RESOURCES FOR FINANCE
15. INSTALMENT PAYABLE IN 5 YEARS
16. DEPRECIATION CHART FOR 5 YEARS
17. PROFIT ANALYSIS FOR 5 YEARS
18. PROJECTED BALANCE SHEET FOR (5 YEARS)