Stainless Steel Production Via Electric Arc Furnace

This report provides a comprehensive cost evaluation of stainless-steel production via electric arc furnace. This process marks initiation by loading an electric arc furnace with steel and alloying metals and heating them at elevated temperature of around 2800 °F.

The melting takes about 8-12 hours. Then, the mixture formed as a result of melting is refined and argon gas and oxygen are pumped into the furnace converting impurities to gas causing slag formation which is removed easily. Further, the refined steel is cast into slabs, which are then made to undergo the process of hot rolling forming stainless steel plate. The steel plates are processed ahead over the course of methods such as heat treatment, descaling, strengthening, polishing, and so on to render a finished stainless-steel plate.

The project economic analysis provided in the report discusses a Germany-based plant:

• Manufacturing Process
  • Process Flow
  • Material Flow
  • Material Balance
• Raw Material and Produc's Specifications
  • Raw Material Consumption
  • Product and Co-Product Generation
  • Capital Investment
• Land and Site Cost
  • Offsites/Civil Works
  • Equipment Cost
  • Auxiliary Equipment Cost
  • Contingency
  • Engineering and Consulting Charges
  • Working Capital
• Variable Cost
  • Raw Material
  • Utilities
• Fixed Cost
  • Labor Requirement & Wages
  • Overhead Expenses
  • Maintenance Charges
• Financing Costs
  • Interest on Working Capital
  • Interest on Loans
• Depreciation Charges
• General Sales and Admin Costs
• Production Cost Summary