First commercial ITmk3 plant begins production
First production of iron nuggets
First production of iron nuggets
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The first commercial plant using the ITmk3 Process began production of iron nuggets in Hoyt Lakes, Minnesota, USA. ITmk3, which stands for “Ironmaking Technology Mark Three,” is a unique process that builds on the basic Fastmet Technology.
Kobe Steel and Steel Dynamics, Inc. (SDI) constructed the plant at Hoyt Lakes, Minnesota, USA. Production of iron nuggets, which are used in steelmaking, is anticipated to reach the facility's annual design capacity of 500,000 metric tons in mid-2010.
ITmk3 is an ironmaking process totally different in concept from the traditional blast furnace method. Since the discovery of the phenomenon in 1994, the process has undergone many stages of development resulting in the start of production of a commercial plant. The ITmk3 Process is noted for the following characteristics:
1. High-grade iron nuggets can be produced in an extremely short time of about 10 minutes.
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