Iron-to-rust cycle tapped by scientists for safe renewable energy transport
(interestingengineering.com)
The whole mass of iron powder does not need to be re-ground after every use. From what I've read so far, about half a percent experiences sintering and needs to be re-ground, and another half a percent breaks down into too fine of dust and needs to be filtered out of the exhaust, sintered, and then reground. The efficiency penalty of reprocessing the fuel is about 0.1% - 1 kWh of reprocessing for every 1 MWh of generation.