DRI Output Up 9.1% in 10 Months on Year

Production of sponge iron in Iran rose by 9.1 percent during the first ten months of the current Iranian calendar year (March 21, 2023-January 20, 2024), as compared to the same period of time in the past year.

According to the report of public relations of IMIDRO quoted by Tehran Times, The ISPA announced that 30.024 million tons of sponge iron was produced in the country during the ten-month period of this year, while the figure was 27.519 million tons in the first ten months of the previous year.

As previously announced by the Iranian Steel Producers Association, 18.86 million tons of sponge iron was produced in Iran in the first half of the current Iranian calendar year (March 21-September 22, 2023).
Direct reduced iron ( DRI), also called sponge iron, is produced from the direct reduction of iron ore (in the form of lumps, pellets, or fines) into iron by reducing gas or elemental carbon produced from natural gas or coal. Many ores are suitable for direct reduction.

Among the mining sector’s different products, sponge iron is an outstanding example, as the production of this item is rising more and more in the country.

IMIDRO as Iran’s largest metals and mining holding, has stated that one of the most important reasons for the increase in sponge iron production in Iran is the establishment of new sponge iron plants, adding that in recent years, with its new strategy and with the participation of the private sector, the organization has been able to launch several projects to produce sponge iron.

Source: IMIDRO