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This lecture covers the process of converting raw iron into steel using the oxygen converter process, where pure oxygen is blown over hot metal to ignite carbon, raise the temperature, and remove impurities. The steel is further refined in a ladle furnace by adding alloying materials. It also discusses electric arc furnace steelmaking, the use of steel scrap, direct reduction processes, and the environmental aspects of steelmaking, including energy consumption and CO2 emissions.