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Direct Reduced Iron (DRI) is created by heating iron ore in a steel shaft with natural gas, below the melting point The resulting iron pellets can be used as a replacement or enhancement of scrap and pig iron DRI should price comparably to merchant pig iron as well as higher quality scrap grad Figure 1: Direct Reduced Iron Figure 2: Hot Briquetted Iron Direct Reduced Iron,
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Taconite Iron is one of the most vital resources of our industrial way of life, whether in war or peace Historically, more than 85% of the US iron ore consumed during World War II had come from the rich open-pit hematite mines in the Lake Superior region
The company has idled some of its higher cost assets, in view of low iron ore pric The Point Noire pellet plant was idled in 2013 and the Wabush mine was idled at the end of Q1 2014 Further, the company suspended the planned Phase 2 expansion at its Bloom Lake operations The company also recently announced the sale of an exploration ,.
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