Abstract: An iron based product having at least a sufficient total ferrous content by weight to render the product commercially feasible wherein the product is derived by a process comprising the beneficiation of kish slag waste material having a relatively low ferrous material content before beneficiation. The resulting iron based product has a total ferrous content of substantially 90% by weight thereby making it both practical and economical for the reintroduction into iron and/or steel making processes utilizing an injection method or by briquetting at at least a portion of the resulting product. The beneficiation process involves the heating of the waste material to an extent at least sufficient for drying, separating the high sulphur slag from a remainder of the waste material and subsequently classifying the remainder of the waste material, once separated from the high sulphur slag by particle size.