How is MRP Scrap made?
Iron and Steel or MRP scrap is generated through screening and magnetic separation of Steel making Slag that originates in the process of primary steelmaking / refining.
IBMD sells MRP scrap via auction route using VIU based pricing on the basis of Met Fe content.
MRP Scrap is used by steel manufacturers for producing Ingots, billets and TMT Rebars.
- Cast Iron (high C) generally in the form of Ferroshots, Pig Iron or Pooled Iron is firstly charged into the furnace, following which a hot metal bath is created.
- Subsequently, sponge iron is charged. While charging sponge iron, MRP Scrap, which serves as a supplement, is also charged. In simpler terms, MRP Scrap serves as a replacement for sponge iron in the charge-mix depending on its Met Fe % ranging from 30% to 65%.
- The proportion of MRP scrap in the charge mix depends on the commercial viability of its different SKUs when benchmarked with sponge iron /scrap.
- Prior to charging, MRP scrap can further be purified through additional screening, drumming and wet milling which would increase the Met Fe percentage and increase its commercial viability for use in furnaces.