Authors: I. Gordon, M. Freislich, J. Els
5th ICSTI'09 International Congress on Science and Technology of Ironmaking, October 19 - 22, 2009
Abstract
A methodology for selection of ironmaking technology for specific site conditions is developed and used for practical applications. The methodology is based on a two stage predetermined process of technical and economic analysis to screen and eliminate the unfavourable technologies. The first stage includes an evaluation of all available data applied to specific ironmaking technologies with the selection of one (maximum three) best technology based on risk analysis, simple pay back period, factored capital cost analysis and operating cost estimates. The second stage includes a detailed financial analysis the select the best technology to apply. Application of this methodology and principles allowed Hatch to recommend and or reject the best ironmaking technologies for several iron and steel companies around the world.
