Steel Mills
March 23, 2013
Severstal Exploring Sites for New Technology Ore Plant
Written by Sandy Williams
Severstal announced that International Iron Beneficiation Group Ltd. (IIGB) has launched a study into the feasibility of locating a granulated iron facility in Sydney, Nova Scotia. Severstal is also considering locations in Quebec, Minnesota, Kentucky and Indiana.
The iron facility would use an innovative process that converts superfine iron ore into metallic iron units without the need for agglomeration. The product would be used in electric arc furnaces as a substitute for scrap. Advantages of the process include cost efficiency and lower environmental impact over traditional iron processing. IGGB is launching the first commercial plant using this technology in Phalaboro, South Africa. Severstal holds a 33 percent stake in the plant.
