By Paul Ploumis 23 Jun 2015
BRUSSELS (Scrap Monster): The preliminary data published by the World Steel Association indicates that the world direct reduced iron (DRI) production in May this year has increased significantly by 4.2% when compared with the previous month.
The world DRI production during the month of May 2015 totaled 4.998 million metric tons, which is higher by 4.19% when compared with the 4.797 million metric tons production achieved during April this year.
According to World Steel data, India ranked first in DRI production during the month. Iran and Saudi Arabia were the second and third largest DRI producing nations.
The estimated DRI output by India during May this year was 1.660 million metric tons. The country’s DRI output in May increased by 3.43% over the previous month. Iran’s DRI production in May this year totaled 1.041 million metric tons, which is 5.58% higher when compared with the previous month output of 986,000 metric tons. The Saudi Arabian DRI output in May amounted to 465,000 metric tons, which is 3.10% higher when compared with the output during April this year.
The DRI output (in thousand metric tons) by the other eleven countries in May 2015 is as follows: Canada (136), Mexico (445), Trinidad & Tobago (109), Argentina (91), Peru (9), Venezuela (105), Egypt (228), Libya (71), South Africa (140), Qatar (232) and United Arab Emirates (266).
The World Steel production figures are based on the figures collected from 14 countries, which accounted for more than 87% of the global DRI production in 2014.