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The latest report titled “coking coal production cost” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Coking coal.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Coking coal production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Coking coal Production Process:
1. Coking Coal Production Cost Breakup From Coal: This report presents the detailed production methodology and cost analysis of coking coal industrial production across coking coal manufacturing plants. In this process, coking coal is made using coal. The low sulfur bituminous coal with great coking properties and low ash helps create met coke. These elements get heated at a temperature of 1000 °F in an oven to get rid of the volatile and unstable components resulting in met coke.
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Product Definition:
Coking coal or Met Coke (Metallurgical coke) is formed using low sulfur bituminous coal, low ash, with special coking properties. It is a vital feedstock in the production of pig iron. It is a naturally occurring sedimentary rock which is present in the planet's crust. It is available in different forms, including hard coking coal, semi-hard coking coal or semi-soft coking coal, and coal for pulverized coal for injection (PCI). It usually comprises more carbon, less ash and less moisture compared to thermal coal.
Market Drivers:
Coking coal is mainly used to produce products which demand high-quality, resilient, and tough carbon. It is used along with iron ore and limestone ore at high-temperature furnaces under immense heat, which causes the chemical properties to bond, forming iron and steel. Furthermore, low ash metallurgical coke (met coke) finds use in metallurgical and chemical industries where high temperatures and uniform heating are required. low ash metallurgical coke has its main application in end-user industries, including pig iron, integrated steel plants, engineering goods, industry/foundries producing ferro alloys, chemicals, zinc units, and soda ash etc.
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