Iran DRI Production Increases by 28% in CY'17
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According to the latest data released by World Steel Association; Iran, the second largest producer of DRI has produced 20.5 MnT of DRI in CY'17 registered a growth of 28.30% Y-o-Y against around 16 MnT produced in CY'16. DRI in Iran is produced from the direct reduction of iron ore to iron by a reducing gas made from natural gas or coal. Usually EAF is used for making DRI to steel, around 70-75% of Iranian steel mills use EAF for steel making.
As per IMIDRO, major DRI producers during the first nine months of current Persian year ( 21 Mar - 21 Dec'17) includes Mobarakeh Steel Company, Khouzestan Steel Company, Hormozgan Steel Company, South Kaveh Steel Company, Saba Steel Company, Khorasan Steel Company, Ghadir Iron and Steel Company and MIDHCO.
Mobarakeh Steel Company was the largest producer of DRI during the current Persian year, as the company has produced 5.56 MnT, registered a growth of 10% Y-o-Y against 5.05 MnT produced in last Persian year.
Khouzestan Steel Company was the second largest producer of DRI in current Persian year, the company produced around 3.09 MnT of DRI with an increase of 10% Y-o-Y. Other major producers includes Hormozgan Steel Company with a production of 1.15 MnT with a growth of 24%, South Kaveh Steel Company with production of 1.13 MnT.
| Companies | Last Persian Year | Current Persian Year | Y-o-Y |
| Mobarakeh Steel Company | 5.05 | 5.56 | 10% |
| Khouzestan Steel Company | 2.80 | 3.09 | 10% |
| Hormozgan Steel Company | 0.93 | 1.15 | 24% |
| South Kaveh Steel Company | 0.84 | 1.13 | 35% |
| Saba Steel Company | 0.79 | 0.82 | 4% |
| Khorasan Steel Company | 0.73 | 0.89 | 22% |
| Ghadir Iron and Steel Company | 0.67 | 0.63 | -6% |
| MIDHCO | 0.52 | 0.62 | 19% |
Quantity in MnT
Source: IMIDRO
According to ISPA, Iran DRI export increased by 392% Y-o-Y. The nation has exported 0.51 MnT of DRI in current Persian year against 0.10 MnT exported in last Persian year.
Inputs taken from Financial Tribune
