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An Assessment of a Proposed Plant for Producing Direct Reduced Iron on the Minnesota Iron Range.
Henn-JJ; Peters-FA; Kaplan-RS
For Reference Only At the Bureau Libraries :23 pages
The Bureau of Mines conducted a study of the cost of installing and operating both a natural gas- and a coal-based direct-reduction plant on the Mesabi Iron Range in Minnesota. The accuracy of the capital and operating costs are +/-25 and +/-15 percent, respectively. Product from the plants would be direct-reduced iron (dri) pellets containing approximately 84 percent metallic iron. The pellets would compete with No. 1 bundle scrap in the Chicago, Illinois, area. Because the quality of dri is higher than scrap, the dri will command a higher price, which has been estimated at approximately $10 per net ton (2,000 pounds) above the price of No. 1 Bundles. An economic evaluation of installing a gas- or coal- based plant near an existing iron oxide pellet plant on the Mesabi Iron Range indicates that currently it is not economically viable.
For Reference Only At the Bureau Libraries
Page last reviewed: September 2, 2020
Content source: National Institute for Occupational Safety and Health Education and Information Division