Abstract: A reduction apparatus and a method for efficient reduction of fine iron ores of wide grain range comprising serially arranged a drying/preheating furnace, a first reducing furnace for prereduction and a second reduction furnace for final reduction, each working with bubbling fluidized bed and being connected each to a cyclone for capturing iron ore dust contained in the exhaust gases, having each a tapered shape smoothly expanded outwards and thus considerably decreasing elutriation of fine particles, increasing the reduction efficiency and enhancing the utilization of the reducing gas.