Abstract: A method and system for recovering metal from steel waste products is disclosed. This method and system works on such hazardous and/or toxic wastes as mill scale, flue dust and slag. This method and system operates by mixing the steel waste produce with a flux composition and then melting the mix in a single phase two electrode electric arc furnace. Once the mixture is melted by the heat from the electrodes, the electro-magnetic field induced in the melted mixture serves to enhance the recovery from the steel waste product of useful steel material. Furthermore, this method and system provide a cost effective solution to the hazardous waste disposal problems impacting steel refineries around the world and does so in a manner that removes the toxicity of the waste while producing a variety of useful products, including high grade steel and neutralized fill.