A method and apparatus for simultaneously supplying varying proportions of hot and cold direct reduced iron(DRI) material from a source of hot DRI for melting, storage, briquetting, or transport. The system uses gravity to transport hot DRI material from a reduction furnace to a furnace discharge section, which transports desired amounts to a cooling receptacle and to a hot DRI vessel. The cooling section of the apparatus is connected to the furnace discharge section through a dynamic seal leg. The hot section is also connected to the furnace discharge section through separate a dynamic sealing leg and can feed a surge vessel, a briquetter, a storage vessel or a melting furnace. The method of operation is also disclosed.