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Cold Briquetted Iron and Carbon (CBIC) is an innovative product in direct reduction industry that has been introduced with the aim of providing the best solution for passivation of Cold Direct Reduced Iron (CDRI) produced in direct reduction furnaces. CBIC as the compacted form of CDRI, was developed and patented by TSACO in 2014. CBIC has some advantages over CDRI which include higher density, higher oxidation resistance, lower water absorption and flexible carbon content. These advantages not only make its storage and shipment easier and more economic but also, have significant effects on its steelmaking behavior. The first industrial-scale CBIC plant with annual capacity of 300,000 tons was commissioned in Iran in early 2018.