Billet casting from scrap and sponge iron using induction Furnace

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The project report includes Present Market Position and Expected Future Demand, Market Size, Statistics, Trends, SWOT Analysis and Forecasts. Report provides a comprehensive analysis from industry covering detailed reporting and evaluates the position of the industry by providing insights to the SWOT analysis of the industry. Click Here to submit your query.

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About Report:

The induction furnace based on mini steel plant is a versatile Installations where provisions are available for producing a Range of steel products by alloying and casting into various Shape. The products of steel plants are in the form of ingots, Billets, sheets etc. These induction furnace based steel casting Units are suitable for small scale industries and medium scale Industries and yet have the capability to complete in the Internal as well as international market at all counts. In mini Billets are the basic products of steel from which different Types of steel products are made such as sheets, angles, Channels, rods, etc. Mild steel billets are the basic raw Material for manufacturing various types of re-rolled products. Mild steel billets are used for mechanical engineering works such As manufacturing machines and their parts. Steel billets are used For production of plate, sheets, strips, rod etc. By hot rolling And cold rolling process. It is the commercial forms of steels Mill products which are directly used in the engineering Industries. A variety additional operations like cold rolling, Machining, heat treatments and fabrications are carried out on Final mill products in order to make them suitable for use. However, is the steel billets is the first form of steel for Producing other shapes by rolling, forging or extrusion process. The industries of this type in ssi or medium scale have a wide Spread immediate and future uses and applications which can at Certain occasions reduce to some extent but can not be eliminated Come what may plastics are certainly trying every best to Replaced steel strips/sheets and of course, have succeeded in Certain areas to be considered a substitute but it has always Been from just a few counted angles. If it is looked upon in Every details it will be found that steels have substitute in Wider senses so far and industries using steel as raw materials Semi finished or finished parts will go on growing restlessly.

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Additional information

Plant capacity

50 mt./day

Land & building

(area 1500 Us$ 3.82 lacs

Plant & machinery

US$ 1.18 lacs

W.c. for 3 months

US$ 20.56 lacs

Total capital investment

US$ 25.92 lacs

Rate of return


Break even point


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