Iran’s Aug.  DRI Output at 1.2m Tons
Iran’s Aug.  DRI Output at 1.2m Tons

Iran’s Aug. DRI Output at 1.2m Tons

Iran’s Aug. DRI Output at 1.2m Tons

Iranian iron ore plants produced 1.25 million tons of direct reduced iron in August, registering a 5.46% rise year-on-year, the World Steel Association reported. Iran’s rising DRI output comes against the background of a global decline, as worldwide production dropped 6% to 4.14 million tons in August. This brings Iran’s eight-month sponge iron production to 10.4 million tons, up 5.7% compared with last year’s corresponding period. The WSA data show Iran remains the world’s biggest DRI producer, outdoing India, the holder of the top position last year.  Iran first took over India after the release of WSA’s DRI output for March. World Steel Association’s production figures are based on data collected from 14 countries, which accounted for approximately 90% of the global DRI production in 2014. Direct reduced iron, also known as sponge iron, is produced from direct reduction of iron ore in the form of lumps, pellets or fines by a reducing gas.

Short URL : https://goo.gl/L0THVh
  1. https://goo.gl/NwWB5v
  • https://goo.gl/2nsnh1
  • https://goo.gl/Lvc6Qb
  • https://goo.gl/gsyQ46
  • https://goo.gl/SbPY6U

You can also read ...

FAO Forecasts Iran’s Cereal Output to Rise 12% in 2018
Despite autumn dryness, crop conditions recovered in Iran and...
Iran's Summer Box-Office Revenues Exceed $5 Million
Iran’s box-office revenues exceeded 610 billion rials ($5.19...
Iran Housing Market Bracing for Double-Dip Recession: Aug-Sep 2018 Report
New data show property deals in Iran are on a downward...
Hot Autumn for Tehran Stocks
Tehran stocks rose solidly on Sunday, recording another all...
Mobile Internet Services Get Costlier in Iran
Major mobile operators MTN-Irancell and Mobile...
SCI Puts Iran's YOY Inflation at 25.7%
The goods and services Consumer Price Index for the month...
Iran Privatization Organization's Gravest Dilemma: Volatile Forex Market
The gravest problem facing privatization in Iran is the...
Iran Agrifood Exports Rise 27% to Record High of $2.6 Billion
Around 2.94 million tons of agricultural and food products...