Metallurgy is the science that studies the various processes for the transformation of metals into society useful materials. The iron metallurgy represents the largest body of the metals application, hence it is called Steel industry. Among the various routes for the transformation of iron into steel, semiintegrated plants have a strong ecological appeal due to their extensive use of scrap, derived from the recycling of iron, and pig iron as raw materials for the Electric Arc Furnace. Of course, industrial processes generate waste. The major waste of the Electric Arc Furnace is the slag, a mixture of oxides produced during the process, containing CaO, SiO2, FeO, MnO, MgO, Al2O3 e P2O5. However, there is also the presence of metallic iron, a fact undesirable, because it acts negatively on the metallic yield and therefore increases the cost of steel. All slag generated is processed in order to recover the metallic iron. The slag beneficiation returns to the mills a material containing defined levels of iron. The content of recovered iron is assessed by slag processing companies indirectly by a specific gravity test. There have been doubts whether the recovered scrap iron content justify its use as raw ferrous materials. Therefore, it is proposed a processing route capable of measuring the amount of iron present in the recovered scrap. The measured iron content is also compared with the levels obtained from the test density. The results show that i) it is possible to calculate the impact on iron yield, ii) the recovered iron content is lower than expected, iii) the density equation overestimates the amount of iron and iv) a correction is proposed to improve the assertiveness of the density equation. Three steel plants confirmed the results from this research.