Ferro Vanadium
PROJECT DESCRIPTION
Ferro vanadium is an alloy which is formed by combining iron and vanadium. Ferrovanadium contains 35% to 85% of vanadium depending on applications of the product in end-use industry. Ferro vanadium is an alloy material that is used in manufacturing of steel.Ferrovanadium (FeV) is an alloy formed by combining iron and vanadium with a vanadium content range of 35%-85%. The production of this alloy results in a grayish silver crystalline solid that can be crushed into a powder called "ferrovanadium dust."
The steel industry accounts for around 92% of vanadium consumption. Tool, high speed and high alloy steels contain around 20% vanadium, and high strength low alloy (HSLA) steel contains less than 0.5% vanadium.Global Steel Demand Forecast to Expand Further2018 steel demand forecast to grow 1.8% to 1.62 billion metric tons, but more slowly in 2019. This facilitates the development of new technologies and ensures a high quality product.
Few Indian major players are as under
• Bhubaneswari Coal Mining Ltd.
• Essel Mining &Inds. Ltd.
• Indian Technomac Co. Ltd.
• Kothari Metals Ltd.
| Plant capacity |
Plant & machinery |
Working capital |
Cost of Project |
T.C.I |
Return |
Break even |
| Ferro Vanadium: 4 MT/Day |
Rs. 135 lakhs |
- |
65900000 |
Cost of Project: Rs.659 lakhs |
31.00 |
68.00 |