1. THE PROCESS FOR THE MANUFACTURE OF IRON POWDER FROM IRON HAVING A CARBON CONTENT IN EXCESS OF 3%, A SILICON CONTENT BELOW 0.5%, AND A SULPHUR CONTENT BELOW ABOUT 0.15%, WHICH COMPRISES MELTING STEEL SCRAP IN AN ACID-LINED CUPOLA FURNACE BY MEANS OF A FUEL CONSISTING ESSENTIALLY OF ELECTRODE CARBON AND ATOMIZING THE MOLTEN IRON THUS PRODUCED BY MEANS OF AN OXIDIZING GAS UNDER PRESSURE THEREBY TO PROVIDE A GRANULAR PRODUCT CONTAINING IRON, CARBON AND OXYGEN, TOGETHER WITH SMALL AMOUNTS OF SILICON AND SULPHUR.