Maritime Iron is a Toronto-based private Canadian company developing a world-class dedicated Merchant Pig Iron (MPI) plant in North America.
Our iron plant will be a premier supplier of virgin iron units to electric arc furnace (EAF) steel mills and foundries in North America and Europe. EAF steel mills blend MPI with scrap steel to make superior quality steel products used in various high-end applications. The facility will bring proven FINEX iron-making technology, developed by POSCO in Korea to the North American market.
The plant’s strategic location in Belledune, New Brunswick, Canada will combine nearby access to Canada’s primary iron ore export terminals, in-place and underutilized infrastructure, a highly-skilled local labour force, and an adjacent electrical generating station to create a low-cost producer for MPI.
The FINEX technology possesses numerous environmental benefits including the recycling of process gases to produce electricity in the neighbouring coal-fired power plant, and significantly lower SOx, NOx, and dust emissions that a typical blast furnace.