Steel in the News

Steel Dynamics, Inc. has produced its first batch of iron nuggets at the Mesabi Nugget facility in Hoyt Lakes, Minn. The company will use the plant’s output as feedstock for its electric-arc furnace mini mills in Indiana. The plant is using the ITmk3 (Ironmaking Technology Mark Three) process, developed by Kobe Steel, that produces a high quality iron nugget product that contains essentially pure iron and carbon. The company says the process has the potential to revolutionize ironmaking, and indirectly, steel-making. For more info click here.