The current method for recovering iron oxide scale in the steel industry is not economically optimal, especially for high‐alloy scales found in alloyed steel. This study focuses on iron oxide scale containing valuable metals like chromium (Cr), molybdenum (Mo), and vanadium (V). The required carbon addition is calculated based on the iron and chromium oxides in the scale. The effects of varying carbon additions and reduction temperatures on reduction efficiency are thoroughly examined. Kinetic studies show that as temperature and carbon increase, the rate‐limiting step shifts from interfacial diffusion to interfacial reaction. Reduction experiments assess carbon utilization, metallization rate, deoxidation rate, and removal of harmful elements. Results show that high temperatures hinder sulfur (S) and phosphorus (P) removal, and excess carbon reduces carbon utilization efficiency. Optimal conditions are a carbon ratio of 0.2174 and a temperature of 1150 °C. The carbothermic reduction product requires further refinement through conventional ladle slag systems to meet the quality standards for metallic materials. Over 65% of alloying elements are recovered, though phosphorus content remains slightly higher than in finished alloy steel. The materials from this study are suitable as high‐quality intermediates for alloy steel production.
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