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UNIDO PROJECT2 |
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DIRECT REDUCTION IRONMAKING PROJECT
COUNTRY: Kezuo County, Liaoning Province,
CHINA
PROJECT NO.: IPSCN/99/061
ISIC:2710 Manufacture of basic iron and
steel Production of direct reduction iron
- DESCRIPTION:
- Direct Reduction Ironmaking is characterized
by consistent composition, low harmful elements etc, can be used
to substitute scrap for major charges and additions when electric
furnace melting quality steels, alloy steels and special steels.
As the development of steel and iron industry and the improvement
of continuous casting and continuous rolling technology, Scrap,
especially quality scrap for electric furnaces is more and more
shortage, the develop to Direct Reduction Ironmaking is imperative.
The project uses a patented technology - CRIMM combined palletizing
method with international advanced level, can form a capability
of 150Kt/a sponge-iron. The project investment totals about 25
million US$. According to the analysis and authentication of MINI
COMFAR III of UNIDO, the project will have an average annual income
from sales of 25.5 million US$, an average annual profit and tax
of 7.0 million US$ and an average annual profit after taxation
of 6.2 million US$, a full-investment internal income rate of
31.26% and a net cash flow of 36.5 million US$ ( the discount
rate is 10%).
- PRODUCTS TO BE MANUFACTURED:
- Product 1:direct reduction iron
- ANNUAL CAPACITY:150,000 tons
- Product 1: 150,000 tons
- ANNUAL TURNOVER:
- 26.2 million US$
- TOTAL INVESTMENT: 25million
US$
- Local: 5 million US$
- Foreign:20 million US$
- FOREIGN PARTICIPATION SOUGHT:
- Joint Venture, Co-operative Venture
- BACKGROUND ECONOMIC INFORMATION
AVAILABLE:
- Feasibility study
Contacts:
Ms. Zhang Yu / Project Officer/ Investment
Project Assessment Center/ UNIDO IPS-China
Tel: (0086-10) 68364914 / Fax: (0086-10) 68364915
E-mail: zhangh@cecic.com.cn
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