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Iran Remains World's 2nd Largest Producer of DRI

Iran Remains World's 2nd Largest Producer of DRI
Iran Remains World's 2nd Largest Producer of DRI

The World Steel Association’s latest report shows Iran is the world’s second biggest producer of direct reduced iron after India.
A total of 12.18 million tons of DRI, also known as sponge iron, were produced in Iran during January-May to register a 1.6% decline compared with the corresponding period of 2020, the latest report released by the World Steel Association shows.
The country has remained the second biggest DRI producer in the world, after its primary rival, India, which produced a total of 16.27 million tons (up 40% 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 five months of 2021 stood at 42.84 million tons to witness a 16.3% growth YOY.

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