Export of iron ore pellets from iran to several countries, including China. Iran’s latest iron ore price of Iranian iron ore FOB Bandar Abbas (January 16, 2019) is $ 77.3.
Export of iron ore pellets from iran as one of the mid-annual products of the steel industry in high tonnage. Of course, recently, as you know, there has been a significant increase in exports of iron pellets. One of the main reasons for this is to reduce the complications of the export of pellet from 15% to about 5%. In addition, the issue of reducing the export of sponge iron and its limitation to meet the needs of domestic steelmakers was another issue that caused the export of iron ore pellets even with proper quality for direct reduction. Of course, due to the development of direct reduction units and the estimation of surplus production compared to domestic steel making, the restrictions on the export of sponge iron have recently been eliminated.
There is also an export of iron ore pellets from iran. But the percentage of export products with the release of sponge iron exports, as before restrictions, in the form of reduced sponge iron is exported.
Iron ore pellet price today
The price of iron ore pellets on world markets for the product of several countries is often investigated. It is also announced by major iron ore exporting companies. We can mention iron ore pellets of Iran, Brazil, India, Russia and Ukraine.
- The price of iron ore pellets in Iran fob is $ 77.3 per day.
- Brazilian iron ore pellets price is $ 10.33 on January 16, 2019.
- Indian iron pellet price is about US $ 98.6.
- Russia’s iron pellet price equal to $ 98.3 for the same date, ie January 16, 2019 has been recorded.
- Ukraine iron ore price for pellets is also $ 93.6.
Simurgh iron & steel company
Address: Iran, Tabriz & Esfahan
Tell (Whats app & Skype): +989146602486