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Definition:

Fastmet

A process to directly reduce iron ore to metallic iron pellets that can be fed into an electric arc furnace with an equal amount of scrap. This process is designed to bypass the coke oven blast furnace route to produce hot metal from iron ore. It is also one of several methods that mini mills might use to reduce their dependence on high quality scrap inputs (see Direct Reduced Iron and Hot Briquetted Iron).