iran sponge iron exports

Iran sponge iron exports according to the surplus of more than four million tons in Iran, in 2018-2019, the trend is increasing. This year, exports of sponge iron are estimated at around 4 million tons and the forecast of total production in Iran is about 26 million tons.

Iran sponge iron exports, due to surplus production of more than four million tons, will increase in 2018-2019. This year, exports of sponge iron are estimated at around 4 million tons and the forecast of total production in Iran is about 26 million tons.

Sponge iron exports by Iran and India are the largest producer of sponge iron in the world, is carried out. Of course, the control of the sale of sponge iron in the domestic market with the aim of supporting domestic steelmakers is definitely in the country’s program of production. This is precisely what in the last months of 2018 led to the ban on the Iran sponge iron exports. But recently, due to the increasing number of direct reduction units in Iran, Iran Steel Association estimate that production is more than domestic demand. They estimate the amount of sponge iron production in Iran for 2019 at more than 26 million tons and 22 million tons for domestic demand. Therefore, exports of sponge iron are projected to be around 4 million tons this year.

Sponge iron prices 2019

The shortage of sponge iron products in the domestic market has caused a significant fluctuation in the price of sponge iron in the Iranian market. In order to manage the sale and price of sponge iron, the supply of sponge iron and pricing on the Iran Steel Stock Exchange was compulsory by the Ministry. Recently, however, with the proper management of the sale of sponge iron in the domestic market and the management of the volume of sponge iron exports, there is currently no shortage of supply of steelmakers. This has reduced the price of sponge iron. So release the product in the free market.

Sponge iron prices in India

Of course, at the last price announced for Indian Sponge Iron, the fluctuation in the price of sponge iron has been declining. The price date is January 3, 2019. The price of sponge iron in India declined at -2.34% at the latest price announcement.

Contact information for inquiry of inventory day and iron ore prices:

Simurgh iron & steel company

Address: Iran, Tabriz & Esfahan
Tell (Whats app & Skype): +989146602486
E-mail: Sales@ironmetal.ir