Sponge iron fines Market size

sponge iron fines sales have been able to make a good profit by segmenting the market and customer acquisition.Sponge iron, also known as Direct Reduced Iron or spong iron, is an iron ore that, without the need for iron smelting operations, removes its oxygen and regenerates to form sponge iron. Sponge iron is a very good source for the production of iron and steel and the reason is its high grade. The grade of sponge iron is 85% to 96%, which causes its high consumption. Sponge iron is spherical or circular in shape and the same spherical shape as sponge has very small protrusions and dentin. Due to the high similarity of sponge iron with sponge is called this name.

Positive features of sponge iron fines

The high grade of this material, the low environmental damage of sponge iron compared to other materials, has made sponge iron very important for steel production. Production and use of sponge iron began in 2010 in Iran. Prior to 1989, despite declining scrap resources, Iranian producers did not need to use sponge iron. Also, China and India, which sold induction furnaces to Iran, do not offer or encourage the use of sponge iron.

The initial reaction of the industry to the use of sponge iron was negative, because it is not familiar with the charging process and also the presence of some elements such as phosphorus, sulfur and carbon in sponge iron, furnace analysis with problems such as prolonged melting time and high slag production These problems caused many industries to stop using sponge iron, but due to the rich resources of direct reduction methods in Iran, the use of this product was economical and used by many industries..

Market size of sponge iron fines

The market for sponge iron is always booming due to its high quality. The price of sponge iron in Iran, like other steel products such as iron and steel, goes up and down. These fluctuations can be affected by foreign markets or the temporary or permanent closure of some manufacturing plants. Iron deficiency scrap and waste can also play a role. These fluctuations can have a large impact on the price per ton of sponge iron or the daily price of sponge iron. Applying for the export of sponge iron or selling sponge iron in high tonnage for domestic factories requires scheduling; Therefore, before concluding a contract or getting the daily price of sponge iron, it is better to consult professional experts.Buy sponge iron fines in bulk from this collection with high quality and reasonable price. sponge iron fines price is not fixed and varies according to exchange rates, dollars and market fluctuations.