13% Growth in Iran's Q1 DRI Output

EghtesadOnline: A total of 7.1 million tons of direct-reduced iron were produced in Iran during the first three fiscal months (March 21-June 21) to register a 13% growth compared with the corresponding period of the year before.

News ID: ۷۴۷۹۵۵

23 July 2019

According to the Iranian Mines and Mining Industries Development and Renovation Organization’s latest report, Mobarakeh Steel Company accounted for the largest share of the output with 2 million tons, registering an increase of 10% year-on-year.

Khuzestan Steel Company was next with 1.08 million tons (up 18% YOY), followed by Golgohar Mining and Industrial Complex with 729,466 tons, Hormozgan Steel Company with 406,701 tons (down 10% YOY), South Kaveh Steel Company with 374,776 tons (up 15% YOY), Khorasan Steel Company with 366,207 million tons (up 4% YOY), Chadormalu Steel Company with 345,358 tons, Saba Steel Complex with 324,144 tons (up 3% YOY) and MIDHCO with 201,110 tons (down 12% YOY).

Other major DRI producers include Sefiddasht Steel Company with 199,960 tons (up 23% YOY), Arfa Steel Co. with 191,996 tons (down 14% YOY), Ghadir Iron and Steel Company with 182,122 tons (down 13% YOY), Sabzevar Steel Company with 177,669 tons (down 7% YOY), Neyriz Steel Complex with 174,669 tons (remaining unchanged YOY), Shadegan Steel Complex with 122,939 tons (down 33% YOY), Mianeh Steel Complex with 99,716 tons (down 47% YOY), Saba Steel Company with 82,650 tons and Esfahan Steel Company with 32,676 tons (down 28% YOY), according to Financial Tribune.

DRI production reached 2.25 million tons during the month ending June 21, indicating a 14% growth YOY.

Iran was the second biggest producer in the world, after India, with 9.3 million tons of DRI output during the four months of 2019 to register a 17.7% year-on-year growth, according to World Steel Association's latest report.

India, Iran's primary rival in DRI output, increased its four-month production by 2.1% YOY to 11.03 million tons.

Iran produced a total of 25.54 million tons of DRI in 2018, up 31.6% YOY, to become the second global DRI producer during the year after India with 30.36 million tons.