DRI iron ore price today 2019 is announced in the ports of the countries that export sponge iron. Such as India and Iran. These tow countries are the largest sponge iron exporters in the world.
In the dri iron ore price today and its announcement, the price of sponge iron belonging to both India and Iran is often listed. The reason is the production of high-tonnage sponge iron in these two countries. Iran is the second largest producer of sponge iron after India. Iran is one of the world’s leading exporters in terms of its production surplus. Compared to its consumption of steel mills.
Sponge iron export from Iran
The forecast for sponge iron exports from Iran for 2019 is more than four million tons. This estimate is estimated based on the annual production of sponge iron in Iran and the need for domestic steel makers. It is expected that due to the increase in the number of reactive reduction units and the production of sponge iron, about twenty six million tons of sponge iron will be produced this year. Estimated iron sponge needs of Iran’s steel mills is about twenty-two million tons.
Sponge iron exporters
Of course, in addition to India as well as Iran, which are the largest producers of this product, Italy and Venezuela are also sponge iron manufacturers. Its one of the exporters of this product. Along with the announcement of the price of sponge iron on the Indian and Iranian ports, the price of sponge iron of Italy and Venezuela also is included in the price list.
Sponge iron price today
The latest price change for the Sponge Iron on January 4, 2019 in the Metal Bulletin for india sponge iron is about -1.91%. The price of sponge iron on the Iranian market in the last few days has been announced with regard to the prices announced on the stock exchange.
Contact information for Inventory Day and Iron Ore Prices:
Simurgh iron & steel company
Address: Iran, Tabriz & Esfahan
Tell (Whats app & Skype): +989146602486