Induction furnace cost model [example format]. logo

Induction Furnace Cost Model.

Example format

Typical induction furnace conversion costs
Item $/unitFactorUnitUnit costFixedVariableTotal
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 steelmaking 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 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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