My ironworker is only 2 stations. The first station is set up for punching; the second station (not shown at rear) is set up for shearing. I use the punching station 90% of the time. It's only a 25 ton punch so can punch a 1" round hole in 5/16" A36 steel. It can also punch round and oval holes, as well as other custom shapes. In another pic below I show some round and oval punches and dies. This is where the slugs come from. For something I manufacture I do thousands of holes, and drilling is out of the question...takes too long and the holes require clean up. But punching is a perfect finish, super fast and no clean up. Best of all I love the raw sound it makes when you punch out a 1/4" slug. The whole house shakes. My ironworker is the smallest Edwards makes, but I have seen bigger ones punch through 1" steel. It's awesome. Reminds me of when I was in the Calgary Highlanders decades ago and we fired anti-tank weapons: what a rush
One day I'll do a video.
Yes, the thingy I made is a windowed catch bucket. More than once I found a slug in my shoe after wondering why my foot hurt after a day in the shop.
I save the slugs with the intention of making a sculpture one day. They look like pasties for the Tin Man.