What is a steel ingot?

Steel ingots are another product of Kian Petroleum Company’s steel department, which is one of the intermediate products of rolled steel. Steel ingots are produced in two forms: Billet and Bloom.

Steel ingots, which are produced in the form of billets, are also known as ingots and have a circular or square cross section. The billet has a width of less than 15 cm and a cross section of less than 230 cm2, and is therefore mostly used for the production of rebar and wire.

Bloom steel ingots are also known as ingots. Bloom also has a cross-sectional area of less than 230 cm2 but a width of more than 15 cm2. Bloom steel ingots are commonly used for the manufacture of train tracks, shields, studs, cans, beams.

The difference between steel ingots

A bloom ingot is a ingot that is cut from the side of a slab or the entire slab becomes ingot.

Because the size of the ingots used in the slab was in sizes greater than 2, it is mistakenly referred to as sizes above 4 bloom.

If the method of production of all ingots is the same and there is no difference between their process and their names.

For example, to produce low size and high size rebar, the point that is more important than the size of the ingot is the amount of carbon in the ingot and its analysis. 30 to 35 carbon ingots are used for 14 to 40 size rebars. But it is used for lower sizes due to the need for softer and more elasticity of low carbon ingots.

Some of the factors that affect the price of iron ingots

Iron ore prices

The main ingredient in iron ingots is iron ore. Naturally, the price of this ingredient will affect the cost of iron ingots.

World oil prices

It is interesting to know that during the studies, about 15% of the price of iron and steel products is related to the amount of energy consumed to produce it.
Therefore, it is natural for this commodity to be related to the world price of oil and the energy market, because with its increase, the cost price of production ingots will inevitably increase.

transport cost

The cost of transportation in all industries and affairs always has a direct impact on the cost and final price of a product. The same is true in this case.

Price of scrap iron or scrap iron

The price of scrap iron or scrap iron has a direct effect on the final price of iron ingots, because in factories producing iron ingots, this type of material is also used to produce iron ingots.
Many people may not know why there are places that buy scrap metal and do not know where this scrap material will be used.
But it is better to know that these materials are reused in the production process and cycle.

Supply and Demand

Supply and Demand ! As with all markets, the fit of the two plays a key role in determining the final price of a product.
Note that all of the above affects the cost of the product from the factory door, but this is completely related to the market situation.
This is where brokers and intermediaries open their doors to profit.

Exchange rate

It is interesting to know that with the increase of the exchange rate, the real demand for hardware decreases.
Of course, intermediaries, brokers and use this opportunity to buy and store iron ingots to enter the market at the right time.

What is Iron Ore?

Iron ore is an ore that makes up 5% of the earth’s crust. By extracting crude iron ore from the earth’s crust and separating the impurities, a dark silver-brown iron powder is obtained. This element is easily oxidized and is not very strong on its own, and to increase its strength for use in sectors such as construction, its alloy is prepared using many elements. These elements are different and the most common of them are nickel and chromium.

Iron ore has no direct alternative, but its main consumer, steel, has alternatives. Among other things, it is highly competitive with other metals such as aluminum, which is increasingly used in industries such as automobiles. Also in the production of containers, plastics and glass are alternatives to steel. On the other hand, metals such as aluminum require a large percentage of electricity consumption to produce, so steel consumption is more common. A limited amount of scrap iron is recovered, but steel recovers more than any other metal. Although scrap is also produced from steel, its total volume is currently insufficient.

Different types of iron ore

Hematite iron ore

Hematite gets its name from the Greek word haima because of its reddish color. Hematite is a type of iron ore that has a very high amount of iron, and although the amount of hematite iron itself is lower than magnetite, but this mineral is sometimes present in higher concentrations, which is often used as direct ore.

This means that due to its high iron content, hematite ores may be mined prior to export through a relatively simple crushing and screening process.

Magnetite iron ore

As mentioned, magnetite iron ore has more iron than hematite ore, but it is often present in lower concentrations. This means that it must be concentrated before using it to produce steel. However, the magnetic properties of the rock in this process help to separate the magnetite rock from the rock. Magnetite ores are currently mined in Minnesota and Michigan in the United States, as well as in Taconite deposits in eastern Canada. One of the most important mining sites in Michigan is the Marquette area. The mine was discovered in 1844, and the ore was first mined in 1848 at the request of the Michigan government. Magnetite ore and hematite ore are four types of iron ore deposits in this area.

What is Iron Concentrate?

Iron ore mines contain rocks and minerals that contain ferrous compounds. Iron ore is processed during physical and chemical processes in steel mills and its iron is separated from other materials and compounds. Iron ore grade in mines varies and often below 50%, which reaches over 90% in steel products.
Iron ore with hematite or magnetite (above 60% iron) is known as a natural ore and can be used directly in the steel smelting furnace. 98% of the iron ore mined in the world is used in steel production.

Iron ore processing is divided into two categories based on the product. Iron ore granulation and iron concentrate. Granulation is done by dry method to separate high-grade and low-grade iron ore. To return low-grade iron ore to the production cycle, we use the concentrate procedure. In this way, using advanced methods, impure and harmful elements of the stone are taken and it takes on an integrated form inside and outside. These methods include the stages of crushing, milling, upgrading and dewatering.

Whereas integration and coordination in responding to the needs of domestic and international applicants is one of the important principles of Kian Group in order to achieve the satisfaction of applicants; You can send us a request to purchase your desired products through the following communication channels :

Iran Office : 00983535227500 – 00989120525658

Turkey Office : 00905387445869

email : Info@kiangroup.net

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