7TH EUROPEAN COKE AND IRONMAKING CONGRESS - ECIC 2016

Understanding and managing the risks associated with the introduction of a new technology in the highly capital-intensive, large volume and low-margin iron and steel industry, is a key to effectively implementing a lasting change. Hatch has developed a robust methodology for process technology selection for the iron and steel industry to address the risks. The methodology is based on a two-stage approach in which the first stage includes short-listing of the best technologies based on results of mass and energy balance modelling, and a simple financial evaluation as well as risk analysis. The second stage involves a detailed analysis using refined input data, mass and energy balance modelling, capital and operating cost estimation, as well as a detailed financial analysis of the best technologies selected. To illustrate the critical elements of this methodology and the analysis required for the successful selection of ironmaking process technology, a Case Study covering the evaluation and selection of the best (most-suitable) ironmaking technologies for an Iron and Steel Company located in the European part of the Russian Federation, is presented in this paper.