Production of Low Carbon Ferro Chrome

Production of Low Carbon Ferro Chrome. Opportunities in Ferrochrome, Ferroalloys Industry

 

Low Carbon Ferro Chrome offered comprise ferrochrome ortant chromium ore. It works as alloy of chromium & iron and comprises between 50% and 70% chromium content and provides usage as important iron niobium alloy with niobium content of 60-70%. Further, it is also used as main source for niobium alloying of HSLA steel.

Low carbon Ferro-alloys are used for DE oxidation of steels as well as for introduction of the alloying elements in the steel during the steel making process. By addition of specialty ferroalloys during the production of steel, the properties (mechanical, joining etc.) of the steels are upgraded.

Ø  Provides for wide usage in foundry and steel industry

Ø  Made available with optimum chemical and physical properties

Ø  Finding usage during steel production for correcting chrome percentage without causing undesirable variation in carbon/trace element percentage

Ø  Also suitable as low cost alternative to metallic chrome for use in super alloys as well as other special melting

It is a Ferro alloy with high content of manganese. It gives strength to steel and is used in making of high tension steel. Low carbon Ferro manganese is widely used in the manufacturing of tool steels, alloys steel & structural steels. Its property causes it to have a high affinity with sulphur in the steel and on combining produces Manganese Supplied (MN’s) which floats up to the metal surface. Low Carbon Ferro Manganese is used as a de-oxidizer and hence finds its usage in the manufacture of 18-8 Austenitic nonmagnetic stainless steel.

Market Outlook

Low Ferro chrome is an alloy of chromium & iron, it encloses 50% - 70% of chromium by weight. A ferrochrome manufacturing process is mostly conducted by the carbothermic reduction of chromite in an electric submerged arc furnace (SAF). In modern industries, one of the main ferrochrome uses is to produce stainless steel, as it imparts strength and durability. The global low ferrochrome market is growing significantly in the developing countries that are China, India, South Africa, Brazil and Indonesia, because of their large demand of stainless steel and other alloy steel in the construction industry.

Low Ferrochrome market is increasing consolidated with several major ferrochrome producers leading the ferrochrome production globally. Meanwhile, the high production and rich reserves of metallurgical chromite and other raw materials in South Africa, Zimbabwe, and Kazakhstan are also fuelling the ferrochrome market globally. At last, the increasing use of stainless steel around the world for various end-user industries, such as construction and automobile, is anticipated to be one of the major factors driving the global ferrochrome market forward throughout the forecast period.

Charge chrome and high carbon segment are expected to hold the largest ferrochrome market share during the forecast period. Charge chrome and high carbon ferrochrome provide boosted hardenability, temperature stability and corrosion resistance of stainless steel. The huge majority of FeCr produced is charge chrome from South Africa. With high carbon being the largest segment sectors of low carbon and intermediate carbon material.

Stainless steel is dominating the global ferrochrome market. The use of chromium-grade and chromium manganese grade stainless steel in the construction and transportation industries is anticipated to have a huge positive impact on ferrochrome market. Region-wise, the Asia Pacific region is presently the largest ferrochrome consumer, Europe and North America, owing to the fact that the Asia Pacific accounts for more than 70% of the global stainless steel production. The growing demand for stainless steel from the construction, transportation, and metallurgical industries in the Asia Pacific will be the main driver of the ferrochrome market growth over the upcoming year.

The slag processing plants help in the easy recovery of ferrochrome metal. The ferrochrome slag can be used as aggregate in construction industry. The growing environmental concerns about the proper ferrochrome waste slag is expected to foster market growth. The worldwide market for low Ferrochrome is expected to grow at a CAGR of roughly 10.1% over the next five years, will reach 21100 million US$ in 2024, from 11900 million US$ in 2019.

 

Key players

Glencore-Merafe, Eurasian Resources Group, Samancor Chrome, Hernic Ferrochrome, IFM, FACOR, Mintal Group, Tata Steel, IMFA, Shanxi Jiang County Minmetal, Jilin Ferro Alloys, Ehui Group, Outokumpu, Samancor Chrome, Yildirim Group of Companies, Afarak, ENRC, GLENCORE, Tata Steel,  Samancor,  Hernic Ferrochrome,  Fondel Corporation,  Tharisa, Westbrook Resources,  ICT Group,  Sinosteel,  Rohit Ferro Tech,  Tennant Metallurgical Group,  Ferro Alloys Corporation, ZIMASCO, ZimAlloys,  Maranatha Ferrochrome,  Oliken Ferroalloys,  Vargon Alloys,  Indsil, Harsco, Anjaney Ferro Alloys Ltd, Bansal Ferrous Ltd, Ferro Alloys Corpn. Ltd, Impex Ferro Tech Ltd, Jagat Alloys Pvt. Ltd, Acme Ferro Alloys Pvt. Ltd., Balasore Alloys Ltd, Indian Metals & Alloys Ltd, Indsil Hydro Power & Manganese Ltd.

 

For More Details, Click Here:- https://niir.org/profile-project-reports/profiles/ferro-alloys-ferroalloys-manganese-alloys-ferro-manganese-silico-manganese-ferro-silicon-chrome-alloys-noble-ferro-alloys-ferro-molybdenum-ferro-vanadium-ferro-tungsten-ferro-silicon-magnesium-ferro-boron-ferro-titanium-projects/z,,7e,1e,a/index.html?_sort_by=default

 

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#automotive, #businessconsultant, #businessfeasibilityreport, #BusinessPlan, #chemicalIndustry, #chromium, #DetailedProjectReport, #ferroalloys, #ferrochrome, #lowcarbon, #processindustry, #ProjectReport

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The report includes other market data like key players in the Industry segment along with their contact information and recent developments. It includes crucial information like raw material requirements, list of machinery and manufacturing process for the plant. Core project financials like plant capacity, costs involved in setting up of project, working capital requirements, projected revenue and profit are further listed in the report.


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Our Market Survey cum Detailed Techno Economic Feasibility Report Contains following information:

 

 

Ø  Introduction

·         Project Introduction

·         Project Objective and Strategy

·         Concise History of the Product

·         Properties

·         BIS (Bureau of Indian Standards) Provision & Specification

·         Uses & Applications

 

Ø  Market Study and Assessment

·         Current Indian Market Scenario

·         Present Market Demand and Supply

·         Estimated Future Market Demand and Forecast

·         Statistics of Import & Export

·         Names & Addresses of Existing Units (Present Players)

·         Market Opportunity

 

Ø  Raw Material

·         List of Raw Materials

·         Properties of Raw Materials

·         Prescribed Quality of Raw Materials

·         List of Suppliers and Manufacturers

 

Ø  Personnel (Manpower) Requirements

·         Requirement of Staff & Labor (Skilled and Unskilled) Managerial, Technical, Office Staff and Marketing Personnel

 

Ø  Plant and Machinery

·         List of Plant & Machinery

·         Miscellaneous Items

·         Appliances & Equipments

·         Laboratory Equipments & Accessories

·         Electrification

·         Electric Load & Water

·         Maintenance Cost

·         Sources of Plant & Machinery (Suppliers and Manufacturers)

 

Ø  Manufacturing Process and Formulations

·         Detailed Process of Manufacture with Formulation

·         Packaging Required

·         Process Flow Sheet Diagram

 

Ø  Infrastructure and Utilities

·         Project Location

·         Requirement of Land Area

·         Rates of the Land

·         Built Up Area

·         Construction Schedule

·         Plant Layout and Requirement of Utilities

 

Project at a Glance

Along with financial details as under:

 

  •     Assumptions for Profitability workings

  •    Plant Economics

  •    Production Schedule

  •    Land & Building

            Factory Land & Building

            Site Development Expenses

  •    Plant & Machinery

             Indigenous Machineries

            Other Machineries (Miscellaneous, Laboratory etc.)

  •    Other Fixed Assets

            Furniture & Fixtures

            Pre-operative and Preliminary Expenses

            Technical Knowhow

            Provision of Contingencies

  •   Working Capital Requirement Per Month

             Raw Material

            Packing Material

            Lab & ETP Chemical Cost

           Consumable Store

  •   Overheads Required Per Month And Per Annum

         Utilities & Overheads (Power, Water and Fuel Expenses etc.)

             Royalty and Other Charges

            Selling and Distribution Expenses

  •    Salary and Wages

  •    Turnover Per Annum

  •   Share Capital

            Equity Capital

            Preference Share Capital

 

  •    Annexure 1:: Cost of Project and Means of Finance

  •    Annexure 2::  Profitability and Net Cash Accruals

                Revenue/Income/Realisation

                Expenses/Cost of Products/Services/Items

                Gross Profit

                Financial Charges     

                Total Cost of Sales

                Net Profit After Taxes

                Net Cash Accruals

  •   Annexure 3 :: Assessment of Working Capital requirements

                Current Assets

                Gross Working. Capital

                Current Liabilities

                Net Working Capital

                Working Note for Calculation of Work-in-process

  •    Annexure 4 :: Sources and Disposition of Funds

  •    Annexure 5 :: Projected Balance Sheets

                ROI (Average of Fixed Assets)

                RONW (Average of Share Capital)

                ROI (Average of Total Assets)

  •    Annexure 6 :: Profitability ratios

                D.S.C.R

                Earnings Per Share (EPS)

               

             Debt Equity Ratio

        Annexure 7   :: Break-Even Analysis

                Variable Cost & Expenses

                Semi-Var./Semi-Fixed Exp.

                Profit Volume Ratio (PVR)

                Fixed Expenses / Cost 

                B.E.P

  •   Annexure 8 to 11:: Sensitivity Analysis-Price/Volume

            Resultant N.P.B.T

            Resultant D.S.C.R

   Resultant PV Ratio

   Resultant DER

  Resultant ROI

          Resultant BEP

  •    Annexure 12 :: Shareholding Pattern and Stake Status

        Equity Capital

        Preference Share Capital

  •   Annexure 13 :: Quantitative Details-Output/Sales/Stocks

        Determined Capacity P.A of Products/Services

        Achievable Efficiency/Yield % of Products/Services/Items 

        Net Usable Load/Capacity of Products/Services/Items   

       Expected Sales/ Revenue/ Income of Products/ Services/ Items   

  •    Annexure 14 :: Product wise domestic Sales Realisation

  •    Annexure 15 :: Total Raw Material Cost

  •    Annexure 16 :: Raw Material Cost per unit

  •    Annexure 17 :: Total Lab & ETP Chemical Cost

  •    Annexure 18  :: Consumables, Store etc.,

  •    Annexure 19  :: Packing Material Cost

  •    Annexure 20  :: Packing Material Cost Per Unit

  •    Annexure 21 :: Employees Expenses

  •    Annexure 22 :: Fuel Expenses

  •    Annexure 23 :: Power/Electricity Expenses

  •    Annexure 24 :: Royalty & Other Charges

  •    Annexure 25 :: Repairs & Maintenance Exp.

  •    Annexure 26 :: Other Mfg. Expenses

  •    Annexure 27 :: Administration Expenses

  •    Annexure 28 :: Selling Expenses

  •    Annexure 29 :: Depreciation Charges – as per Books (Total)

  •   Annexure 30   :: Depreciation Charges – as per Books (P & M)

  •   Annexure 31   :: Depreciation Charges - As per IT Act WDV (Total)

  •   Annexure 32   :: Depreciation Charges - As per IT Act WDV (P & M)

  •   Annexure 33   :: Interest and Repayment - Term Loans

  •   Annexure 34   :: Tax on Profits

  •   Annexure 35   ::Projected Pay-Back Period And IRR