Steel Production Cost Reports

Steel production cost report provides a comprehensive analysis and know-how for setting up a Steel production plant. The study covers all the requisite aspects that one needs to know for the production of Steel. This includes manufacturing processes, raw material requirements, utility requirements, infrastructure requirements, machinery and technology requirements, manpower requirements, packaging requirements, transportation requirements, etc.

Steel is an iron and carbon alloy which has a carbon content of about 2 percent. Due to this high carbon content, it is classed as cast iron. It is a very popular commodity due to it being comparatively cheaper to make, form, and process. It also contains 1% manganese and phosphorus, oxygen, silicon, sulphur and oxygen in tiny amounts. It is mainly produced through two main methods, i.e. the blast furnace-basic oxygen furnace (BF-BOF) route and the electric arc furnace (EAF) route. There are four kinds of steel known, including Carbon Steel, Alloy steel, Stainless Steel, and Tool Steel.

The metal has a density of 7,850 kg/m3, which is 7.85 times denser than that of water. It has a relatively higher melting point compared to other metals at 1,510 C. Steel offers a wide range of properties such as toughness, hardness, yield strength, tensile strength, durability, fatigue strength, plasticity, elongation, and malleability.

Steel is extensively employed as the primary material used in building anything from needles to oil tanks. It is widely used as an engineering and construction material and helps make everything from cars to construction products, washing machines, refrigerators, surgical scalpels and cargo ships which puts it in high demand.

Furthermore, it is a very recyclable material making it ideal for several applications and popular due to being a more sustainable choice. In the automotive sector, it finds extensive use owing to its use for making the automobile's body, engine, doors, interior, and suspension. Also, it can be used for packaging applications as it has the ability to protect goods from the air, water as well as light exposure, which furthers its demand.