WIN Resources

WIN Resources Mining Company, Sponge Iron Plant, Coals & Minerals Trading, Mining Mergers & Acquisitions, Heavy Mi

Iron Ore PriceOn the first trading day of 2015, price of iron ore registered a slight increase to $71.26 per tonne on th...
04/01/2015

Iron Ore Price

On the first trading day of 2015, price of iron ore registered a slight increase to $71.26 per tonne on the spot market, up from $66.84 before Christmas. The improvement could be seen as an auspicious start for Australian iron ore miners who suffered a significant dip in income due to price of the key-steelmaking ingredient hitting a five-year low in 2014 because of the low demand in China and glut in supply.

With higher prices, although nowhere near the $130 a tonne during the earlier part of last year, share prices of iron ore producers also saw an uptick. Atlas stock jumped 39.4 percent to 23 cents per share, BC Iron went up 17 percent and Mount Gibson added 14.3 percent, reports The Australian.

Forbes pointed out that the growth is not a dead-cat bounce since it is not limited to BC and Atlas but sector-wide since even larger producers such as Fortescue jumped 22 percent while Mt Gibson Mining enjoyed a whopping 54% expansion.

These developments, according to Morgan Stanley iron ore specialist Tom Price, indicates that insofar as price downside is concerned, "the worst is probably over."

Philip Kirchlechner, director at Iron Ore Research, a consultancy, said the improvement in shareprices of the commodity could be an overreaction. He said, "It's a rebalancing ... There's no immediate logical reason why these stocks should go up other than to say they're oversold."

Despite the glut in supply, for 2015, another big player, Roy Hill iron ore mine owned by Gina Rinehart, will begin production and is expected to produce 55 million tonnes a year with low cost of production.

However, investment bank Goldman Sachs forecasts that if the global surplus in 2015 reaches 300 million tonnes, the recent shareprice jumps could be negated, Forbes warns.

Rotary KilnRotary kilns are used to heat solids to the point where a required chemical reaction(s) takes place. The rota...
04/01/2015

Rotary Kiln

Rotary kilns are used to heat solids to the point where a required chemical reaction(s) takes place. The rotary kiln is basically a rotating inclined cylinder. Solids retention time in the kiln is an important design factor and is set by proper selection of the diameter, length, speed, slope and internals design. There are two basic types of rotary kilns; direct fired and indirect fired.

What is the difference between iron and steel? The difference is percentage of carbon, the main alloy element. Those iro...
03/01/2015

What is the difference between iron and steel?

The difference is percentage of carbon, the main alloy element. Those irons containing less than 2% carbon are known as steels while those containing more than 2% carbon are known as pig iron. Pig iron is obtained from iron ore by processing it with coke in a blast furnace. This pig iron is then further processed to reduce the carbon content in different furnaces to obtain steels. These steels can be then further processed to obtain alloy steels, stainless steels by adding elements such as silicon, manganese, chromium, nickel, etc.

24/11/2012

User Of Sponge Iron
DRI Is A Kind Of Porous Material Of Low Carbon Iron By Reducing From Refined Iron Powder. DRI Has Steady Chemical Elements But Lower Impurities. Direct Reduced Iron (Sponge Iron) Is Mainly Used As Raw Material Of Steel Making In Electric Stove, Cooling Agent Of Steel Making In Converter, Or For Use Of Powder Metallurgy After Secondary Reduction.
In Recent Years, The Steel Products Are Trending Towards Small-Scaled And Lightweight, Function Advanced, And Complex, So The Proportion Of Nonmetal And Nonferrous Metal In Steel Has Increased. It Leads To Quality Indulging Of Scrap Steel. As Raw Material Of Electric Stove Steel, Scraps Steel Is Collected From Varying Sources, Whose Chemical Elements Fluctuates Greatly, Difficult To Control. This Brings Great Difficulty For Steel Making With Electric Stove. While It Can Relieve You Greatly By Adding Direct Reduced Iron (Sponge Iron ) (30-50% ) In A Proper Proportion As Thinner Into Scrap Steel And Improving The Steel Is Homogeneity And Physical Properties. So, It Is Not Only The Substitute Of High-Quality Steel, But Also A Best Material Of Producing High-Quality Steel (Tianjin Seamless Steel Tube Company Declares The Ratio 50% Of Mixing Direct Reduced Iron (Sponge Iron). According To Foreign Report, When The Electric Stove With The Heavy-Duty Is Smelted, Productivity Increases 10-25% And Work Rate Increases 25-30% By Mixing Direct Reduced Iron (Sponge Iron) With A Proportion Of 30-50%. Test Shows That It Can Save Power Consumption 27% Per Ton, Save Time 28%, And Save Oxygen 22%, While Steel’s Physical Performances Greatly Increased. At This Point, Mixing A Certain Amount Of Direct Reduced Iron (Sponge Iron) Can Not Merely Improve The Production Capacity, But Also Reduce Electricity Consumption And Production Cost. According To Figure That National Bureau Of Statistics, China Steel Output In 1997 Has Already Reached A Hundred Million Tons, China Has Became The Biggest Steel Maker In The World, While The Consumption Of Energy Per Ton Is Enormous, Greatly Higher Than That Of Japan And Western Countries. It Is From Technology Partly, Most From Improper Manufacturing Process. Up To Now, The Output Of Electrical Steel Accounts For 25% Of Total Output In China, Greatly Lower Than The Rate 50% In Western Countries. We Should Do More On The Supply Of Electricity And Raw Materials, To Improve The Output Of Electrical Steel. Practice Has Proved, Pure And Qualified Direct Reduced Iron (Sponge Iron) Is The Ideal Raw Material Of Electric Stove, Which Has Been Generally Realized In Western Developed Countries. During The "Ninth Five-Years" Plan Period, Metallurgical Industrial Adjustment --Optimizing The Structure Of Steel, Paying Attention To The Scale And Output Changes Into Paying Attention To Quality And Benefit. If Raw Material Still Mainly Rely On Scrap Steel, To Improve The Quality Of Steel Will Be Very Difficult. This Is Because That Nearly 100% Of Harmful Impurity (Sn, As, Cu, Etc.)In The Scrap Steel Also Remains In The Steel.
According To The Report, In The Past 25 Years, The Content Of Cu In Carbon Steel Increases By 20%, The Content Of Nichrome Increases By 1. 2 Times, And The Content Of Tin Increases By 2 Times In U.S.A.. So It Will Be Very Difficult For Simply Using Scrap Steel To Improve The Quality Of Steel-Making, But To Use Direct Reduced Iron (Sponge Iron) Partly Could Avoid These Questions. So It Is Very Important To Use Direct Reduced Iron (Sponge Iron) When Smelting High-Quality Steel And Special Steel, Such As Smelting Petroleum Casing Tube, Steel For Automobile, Nuclear Power Station And Military Affairs And So On. We Can Also Say To Produce Special Steel And High-Quality Steel Must Be Used Direct Reduced Iron (Sponge Iron).
  Therefore, Direct Reducing Iron (Sponge Iron) Is The Indispensable Material For Smelting High-Quality Steel And Special Steel, It Is The High-Quality Material Of Electric Stove To Supply Scrap Steel Is Deficiency, And It Also Can Be Used As Refrigerant Of Converter Steelmaking And Powder Metallurgy.

WIN Resources Sponge Iron Plant Project 2012
14/06/2012

WIN Resources Sponge Iron Plant Project 2012

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