[en] The development of new methods of steel production are now conducted with the purpose of energy consumption and harmful emissions reduction. The choice of technology and equipment in this case plays a marginal role. It is well known that vanadium alloying steel has increased service properties. The known classical scheme of vanadium steel melting is very power-intensive, as includes such power-intensive processes as blast furnace process and chemical processing of vanadium slag therewith sintering and by-product coke processes are accompanied by significant harmful emissions. In so doing the vanadium losses may run to 60%. In view of requests of environment protection and economical efficiency the new process of coke less without wastes processing of vanadium-bearing raw material with direct vanadium allowing of steel - LP-process is developed. Its purpose is the melting on the basis of vanadium-bearing titanomagnetite of vanadium allowing steel with increase of vanadium concentration in steel and diminution of vanadium losses without application coke and natural gas with use of any coals and carbon-bearing wastes. LP-process consists of three aggregates and corresponding processes: process of liquid-phase reduction, process of vanadium-bearing pellets metallization in the shaft furnace, and process of alloying steel melting in the arc electric furnace. The obtained results have shown, that the LP-process is more energy saving on a comparison with other methods of vanadium allowing steel production. (Original)