Comprehensively considering the raw materials availability, production technology, and economy factor, it is unclear to choose the optimal electric arc furnace (EAF) steelmaking modes with charging scrap and hot metal (HM) in China. In this paper, the mathematical modelling and techno-economic analysis is adopted to quantitatively describe the consumption level of material and energy, as well as the economic performance in EAF steelmaking process. The calculation results reveal that considering the lowest smelting time, heat loss and total energy consumption, and better economic benefit and energy saving effect, the optimal EAF steelmaking process of 50% HM ratio with carbon powder and coal gas added is suggested, and the consumption of carbon powder and natural gas should be limited within 19.58 kg and 11.63 Nm3. This research is expected to provide some theoretical and operation guidance for low consumption and high efficiency lean production in EAF steelmaking process.
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