Iron Production Cost Reports

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

Iron (Fe) is a chemical element that is classified as a metal belonging to the periodic table's Group 8 (VIII b). The metal is abundantly present in the planet's crust, and on a commercial scale, iron is made in a blast furnace via heating haematite or magnetite with coke (carbon) and limestone (calcium carbonate), resulting in the formation of pig iron that is further used to make steel.

Iron is the most used and least expensive metal in the world. It has the atomic number 26 and an atomic weight of 55.847. Its respective melting and boiling point are 1,538 °C (2,800 °F) and 3,000 °C (5,432 °F). The atomic mass of iron is 55.85 g.mol -1. Its density is (g cm−3)7.8 g.cm-3 at 20°C. It has properties like being ductile, malleable, lustrous, and silver-grey in colour. It can rust in damp air, easily dissolves in dilute acids.

Iron is widely employed in steel production and also used in civil engineering, such as reinforced concrete, girders etc., which drives the market's growth. In steel alloys, it finds application with additives such as nickel, chromium, vanadium, tungsten, and manganese. The metal is employed for building bridges, bicycle chains, electricity pylons, cutting tools and rifle barrels which further the market demand.

In the Haber process for ammonia production, iron's catalysts are used, and the metal also has employment in the Fischer–Tropsch process to convert syngas (hydrogen and carbon monoxide) into liquid fuels. It can be used for making magnets. The majority of steel is used in the civil engineering industry for making reinforced concrete, girders etc., which furthers the market demand. Cast iron with 3–5% carbon is used for making valves, pipes, and pumps. Also, it finds usage for making food containers, automobiles, screwdrivers and washing machines that, furthers the market expansion.