American Electra launches a pilot plant for the production of pure iron

US-based Electra has announced the commissioning of a pilot plant in Boulder, Colorado, USA, to produce pure iron, BusinessWire reports.

The plant will use Electra’s technology to produce iron from already mined, commercially available high-grade ores to accelerate decarbonization and circularity throughout the steel value chain from raw materials to steel.

The pilot project is designed to produce pure iron in the form of plates measuring approximately 1 square meter, and the company is increasing capacity in stages to validate the modular approach.

Electra’s unique, patented electrochemical system converts iron ore into iron through an electrochemical process at 140°F. It is powered by clean, renewable intermittent renewable energy sources (IRES).

«With support from our partners across the value chain, the Pilot brings us closer to our goal of producing millions of tonnes of clean iron by the end of the decade,» said Sandeep Nijhawan, CEO and co-founder of Electra.

Electra’s products, with a purity of more than 99%, combined with recycled scrap, provide customer value to electric arc furnace steelmakers, reducing capital intensity, cost, and waste throughout the value chain.

Australian mining company BHP, an investor in Electra, provided the iron ore for this pilot project.

Electra’s CTO and co-founder Kwok Pham noted that they are moving forward quickly, with the commissioning of the pilot plant taking place within 3.5 years of the company’s founding.

As GMK Center reported earlier, US Steel has completed a pilot project in Minnesota to produce DR pellets. In 2024, the company intends to improve the operational practices of this production and ship products in the first half of the year.

  • Companies

Voestalpine forecasts a rise in profits amid new EU protective measures

Austrian steel producer voestalpine expects profits to rise in the 2026/2027 financial year against the…

Wednesday June 3, 2026
  • Global Market

Billet prices rose by $10–20 per ton in regional markets in May

In most regional billet markets, prices rose slightly in May—by $10–20 per ton. The Gulf…

Wednesday June 3, 2026
  • Global Market

Iron ore prices fell by 3% in May

Iron ore prices (KORE 62% Fe/Qingdao) began to decline in late May–early June 2026 following…

Wednesday June 3, 2026
  • Industry

Ukraine increased imports of long steel products by 56.6% y/y in January–April

In January–April 2026, the long steel market in Ukraine saw a significant increase in imports—up…

Wednesday June 3, 2026
  • Industry

Railway disruptions pose risks for German steelmakers

German steelmakers have warned that prolonged disruptions in rail freight transport threaten the supply of…

Wednesday June 3, 2026
  • Companies

Marcegaglia is increasing its investment in the project in Fos-sur-Mer

The Italian group Marcegaglia is investing an additional €600 million in the Mistral project in…

Wednesday June 3, 2026