Iran Climbs to Top Spot in International DRI Output

Iran has climbed to top spot in the production of direct-reduced iron.
A total of 12.07 million tons of DRI, also known as sponge iron, were produced in the country during January-May to register a 3.47% growth compared with the corresponding period of 2019, the latest report released by World Steel Association shows.
The country is now the biggest DRI producer in the world, overtaking its primary rival, India, which produced a total of 11.01 million tons (down 27.1% 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 2020 stood at 32.1 million tons to witness a 16.6% decline YOY.