t in 2008, steel billet cost is more than 1000 USD per ton. Notwithstanding, in 2016, one ton of steel just worth around 300 USD. Numerous significant expense makers need to bring down the cost and confronting the danger of shutting their heaters. The paper the Economists have raisen an inquiry: Is there a lot of iron on the planet? They made a valid statement in raising the oversupply of steel on the planet. Be that as it may, they didn’t show any affirmation in the interest. Iron and its combination can be applied in anything from developments, hardware, to even therapeutic application. Numerous nations right presently doesn’t have productive railroad or appropriate houses. With scrap steel, being one of the least expensive green material and in this period when the world is making a beeline for an eco-accommodating living condition, the use of steel scrap can be applied anyplace. In this way, increasingly potential employments of iron should be found and drew closer. Iron is the most broadly utilized metal on the planet. It has been produced for a considerable length of time and has improved essentially to arrive at its characteristics and a wide scope of assortments in composites like today. There are many worried around the impact of iron creation on the earth. Be that as it may, with the apply of science and propelling innovation, a significantly all the more encouraging future in an eco-accommodating condition for this material is ensured.>