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Castings of suitable shape and size intended for subsequent hot working are termed as Ingots.
Ingot iron has very low carbon in steel. This is generally made in the open hearth in which all the other elements are removed to the maximum extent possible. Some of the commercial products falling under this group have less than 0.1% of all non-iron elements put together.
Ingots are cast in ingot moulds which are the containers usually made of cast iron into which molten steel is poured & allowed to solidify.
Mild steel ingots are carbon steels only containing, usually, 0.15 to 0.25% of carbon. These may be fully deoxidized to reduce the oxygen content of the steel to a minimum inorder that no reaction takes places between carbon & oxygen during solidification. Such steels are called “Killed Steel”.
Most of the bars and structurals are mfd. in standard sections/sizes. But, ingots/Billets/Bfoomy etc. require mutual negotiations between the producer & the buyer for factors & rangs. Generally M.S. ingots are produced in square cross sections of sizes 50 mm to 125 mm in 1979. There were 145 licensed Electric Arc Furnace units with a total licensed capacity of 3.32 million ingot tonnes running at 70% capacity utilization. These units collectively form the group of mini steel Plants. This concept takes advantage of local availability of major inputs like scrap & power and proximity of the mini steel industry in India has been phenominal after 1970.
Though the tradition of mini steel plants started quite late in India, but it is getting whole hearted popularity now. India has decided to import 1,00,000 M.T. of heavy melting scraps from USSR in the current year (1988) by July inorder to keep the mini steel plants & re-rolling mills running. Over the last couple of months such scrap has not been available in the international market, particularly of desired sizes (suitable for induction furnaces of small capacities which use larger scraps. The USSR has agreed to allow 180 days credit 7% rate of interests and prices are payable in rupees.
1. INTRODUCTION
2. USES & APPLICATIONS
3. PROPERTIES
4. BIS SPECIFICATIONS
5. INDUCTION FURNACE MELTING PRACTICE
6. PROCESS OF MANUFACTURE
7. WORKING PRINCIPLE & METHOD OF OPERATION
8. PROCESS FLOW DIAGRAM
9. PLANT LAYOUT
10. MARKET SURVEY
11. PRESENT MANUFACTURER
12. SUPPLIERS OF PLANT AND MACHINERY
13. SUPPLIERS OF RAW MATERIALS
APPENDIX – A :
1. COST OF PLANT ECONOMICS
2. LAND & BUILDING
3. PLANT AND MACHINERY
4. FIXED CAPITAL INVESTMENT
5. RAW MATERIAL
6. SALARY AND WAGES
7. UTILITIES AND OVERHEADS
8. TOTAL WORKING CAPITAL
9. COST OF PRODUCTION
10. PROFITABILITY ANALYSIS
11. BREAK EVEN POINT
12. RESOURCES OF FINANCE
13. INTEREST CHART
14. DEPRECIATION CHART
15. CASH FLOW STATEMENT
16. PROJECTED BALANCE SHEET
| Plant Capacity | 60.00 MT/day |
|---|---|
| Land & Building | (3 Acres) Rs. 2.93 Cr |
| Plant and Machineries | Rs. 1.53 Cr |
| Working Capital for 3 Months | Rs. 12.76 Cr |
| Total Capital Investment | Rs. 17.61 Cr |
| Rate of Return | 60% |
| Break Even Point | 31% |
