A process for producing molten pig iron or liquid steel pre-products, from particulate iron-oxide-containing material by fluidization, wherein the iron-oxide-containing material is prereduced in at least one prereduction stage (7) by aid of a reducing gas and subsequently is reduced to sponge iron in a final reduction stage (8), the sponge iron is melted in a meltdown-gasifying zone (11) under the supply of carbon carriers and an oxygen-containing gas, and a CO- and H.sub.2 -containing reducing gas is produced which is introduced into the final reduction stage (8), is reacted there, is drawn off, subsequently is introduced into at least one prereduction stage (7), is reacted there, is drawn off, subjected to scrubbing and subsequently is carried off as an export gas and wherein at least a portion of the reacted reducing gas is purified from CO.sub.2, is heated and is used as a recycle-reducing gas for the reduction of the iron-oxide-containing material, characterized in that a portion of the reducing gas flowing from the final reduction stage (8) into the prereduction stage (7) is branched off, washed, purified from CO.sub.2 and heated and subsequently is recycled to the final reduction stage (8).