Pinched this one from CCC post.Sounds very promising. The ITmk3...

Pinched this one from CCC post.Sounds very promising.
The ITmk3 Process, with its lower carbon-dioxide emissions and capital investment, is highly suitable for growing environmentally friendly steel industries in developing countries.

Moreover, the ITmk3 Process can use cheaper low-grade iron ore and coal, which are difficult to use in blast furnace ironmaking, to keep raw material costs down for steel and mining companies. Along with these advantages, the real value of the ITmk3 Process is that it produces high-grade iron nuggets with better meltability than blast-furnace pig iron when used in the steelmaking stage.