Induction Furnace Cost Model
Example Format
Typical induction furnace steelmaking conversion costs
| Item $/unit | Factor | Unit | Unit cost | Fixed | Variable | Total |
| Scrap | t | |||||
| Scrap transport | t | |||||
| Ferroalloys | t | |||||
| Fluxes | units | |||||
| Water | 100 litre | |||||
| Refractories | units | |||||
| Electricity | KwH | |||||
| Manpower | MHPT | |||||
| Depreciation | t | |||||
| Liquid steel |
The table above shows the format of the induction furnace steelmaking cost model. This estimates melt shop conversion costs from ferrous scrap to liquid steel, on a typical 20-25 tonne furnace. [Ladle furnace costs are excluded].
This model is available for purchase from SteelOnTheNet. However, it should be understood that any further use of the model is likely to require
- a knowledge of downstream cost structures [casting, rolling, etc]
- further adaptation for actual scrap costs, for labour and energy costs, for depreciation charges etc
- adjustment for local operational circumstances.
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