The latest report titled “Steel Production Cost Report” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of the Steel.
| Report Features | Details |
| Product Name | Steel |
| Process Included | Steel Production From Blast Furnace Steel Production From Electric Arc Furnace |
| Segments Covered |
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| Currency | US$ (Data can also be provided in local currency) |
| Pricing and purchase options | Basic: US$ 1499 Premium: US$ 2999 Enterprise: US$ 4799 |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the manufacturing process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Steel production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Steel Production Process:
1. Steel Production From Blast Furnace: This report provides a comprehensive cost evaluation of steel production from a blast furnace. In the following method, limestone, coke, and iron ore are fed into a blast furnace that eventually sinks at the bottom. The elements turn hotter throughout the way till the bottom of the furnace. The gas released from the burning coke is provided to iron ore. Whereas, in the bottom half, limestone goes through a reaction with the impurities of iron ore and the coke that makes a slag. Next, the blast furnace’s bottom temperature goes over 3000 Fahrenheit. Above the molten steel, the molten slag floats, which is later drained using the furnace’s slag notch. Eventually, the molten steel is released from the furnace hearth via a tap hole.
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2. Steel Production From Electric Arc Furnace: This report provides a detailed cost evaluation of steel production from the electric-arc furnace. During the process, scrap steel gets included via the electric arc furnace’s top. The EAF’s lid is shut when the furnace is full. The lid comprises of electrodes that get charged using a strong electric current that generates heat and melts the steel scrap. Later, remaining additives like ferro-alloys are included to render it the desired composition. In the furnace, Oxygen is also added to the furnace for steel purification. Lastly, the formed molten slag, as a result of lime and fluorspar paired with impurities, floats over the molten steel. This slag is then poured out by tilting the furnace.
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Product Definition:
Steel is an alloy of iron that comprises of silicon, carbon, manganese, and other minerals. It has some tenths of a percent of the carbon that enhances the strength and fracture resistance compared to other iron forms. Owing to steel’s high durability and malleability, it is a preferred raw material used in a wide range of industries such as automotive, manufacturing, and consumer products.
Market Drivers:
Steel is extensively used across several end-use sectors, including infrastructure, automotive and oil and gas, which is propelling the industry’s expansion. It is a key raw material that is extensively used in construction owing to its properties like recyclability, durability, and fire and corrosion resistance. As a result, the advancing infrastructural sector will boost the commodity’s demand further. Also, steel is a more sustainable and eco-friendly option as it doesn’t release toxins in the ground, which will further the market’s proliferation.
Key Questions Answered in the Steel Production Cost Report:
- What are the key drivers propelling the Steel market?
- What are the various processes used for Steel production?
- What are the raw materials required to produce Steel?
- What are the different operations units involved in the production of Steel?
- What are the manpower and utility requirements in the production process of Steel?
- What are the various costs engaged in the production of Steel?
- What are the construction costs involved in setting up a Steel production facility?
- What are the working capital requirements?
- What is the process of raw material procurement for Steel production?
- What is the time frame for Steel plant start-up?
- What is the pricing mechanism of Steel?
Browse More Production Cost Reports:
- Steel I Beam Production Cost Reports – https://www.procurementresource.com/production-cost-report-store/steel-i-beam
- Steel Rebar Production Cost Reports – https://www.procurementresource.com/production-cost-report-store/steel-rebar
- Steel Scrap Production Cost Reports – https://www.procurementresource.com/production-cost-report-store/steel-scrap
About Us:
Procurement Resource ensures that our clients remain at the vanguard of their industries by providing actionable procurement intelligence with the help of our expert analysts, researchers, and domain experts. Our team of highly seasoned analysts undertakes extensive research to provide our customers with the latest and up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which aid in simplifying the procurement process for our clientele.
Procurement Resource work with a diverse range of procurement teams across industries to get real-time data and insights that can be effectively implemented by our customers. As a team of experts, we also track the prices and production costs of an extensive range of goods and commodities, thus, providing you with updated and reliable data.
We, at Procurement Resource, with the help of the latest and cutting-edge techniques in the industry, help our clients understand the supply chain, procurement, and industry climate so that they can form strategies that ensure their optimum growth.
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