Iran DRI Output Registers Highest Growth Over Q1-3

Iran recorded the highest growth in the production of direct reduced iron during the first three quarters of 2020 (January-September).
A total of 22.18 million tons of DRI, also known as sponge iron, were produced in Iran during the period to register a 5.2% growth compared to the corresponding period of 2019, the latest report released by the World Steel Association shows.
The country is now the second biggest DRI producer in the world, overtaken by its primary rival, India, which produced a total of 23.6 million tons (down 13% year-on-year) during the period under review, according to the Brussels-based international trade body for the iron and steel industry.
The world’s total DRI output in the first nine months of 2020 stood at 61.9 million tons to witness a 10.1% decline YOY.